Call rates trade high at 6.40 - 6.50 pc level, bonds subdued

Mumbai, Oct 11 (UNI) Call rates traded high between 6.40-6.50 per cent level as compared to the previous close amidst sufficient demand and supply of liquidity.

RBI in the call money market on Oct 10 transacted Rs 17,225.87 crores at the weighted average of 6.41 per cent.

In the first Liquidity adjustment RBI transacted Rs 14,300 crores three 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 subdued tracking weak US treasuries and also awaiting the auctions on Friday.The eleven year bond (GS 8.07 per cent 2017) traded low at 102.67 and gave a yield of 7.69 per cent.

Today, RBI had fixed the reference rate for the day at Rs 45.76/ US Dollar compared to the previous rate of Rs 45.74 per US Dollar.

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