Call rates trade low at 6.30-6.40 pc, bonds subdued

Mumbai, Oct 13 (UNI) Call rates traded low between 6.30-6.40 per cent level as compared to the previous close, amidst sufficient demand and supply of liquidity.

RBI, in the call money market on October 12, transacted Rs 17,435.08 crore at the weighted average of 6.41 per cent.

In the first liquidity adjustment, RBI transacted Rs 6190 crore through seven 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 trading high until the RBI disclosed the inflation rates for this week, which has been put high at 5.16 per cent, resulting in sharp decline in the gilt prices thereafter.

The eleven year bond (GS 8.07 per cent 2017) traded low at 102.80 and gave a yield of 7.67 per cent.

Today, RBI had fixed the reference rate for the day at Rs 45.49/USD compared to the previous rate of Rs 45.60/USD.

UNI VS MAZ SKB1830