Call rates trade low at 6.30 - 6.45 pc level, bonds range bound

Mumbai, Oct 10 (UNI) Call rates traded low between 6.30-6.45 per cent level as compared to the previous close.

RBI in the call money market on October nine transacted Rs 18,062.23 crore at the weighted average of 6.40 per cent.

In the first Liquidity adjustment RBI transacted Rs 16,980 crore through eight bids at the rate of 6.00 per cent.

However, RBI did not inject any money through the repo auction.

Gilts on the other hand were range bound and trading confined to actively traded papers only. The eleven year bond (GS 8.07 per cent 2017) traded low at 102.85 and gave a yield of 7.64 per cent.

Today, RBI had fixed the reference rate for the day at Rs 45.74/ US Dollar.

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