Call rates trade high between 6.70-6.95 pc level, bonds subdued

Mumbai, Oct 19 (UNI) Call rates maintained their upward movement and traded high at 6.70 to 6.95 per cent level as liqudity flow shrinked to just Rs 1,000 crore amidst rising Banking demands.

Reserve Bank of India in the call money market yesterday transacted Rs 17,012.78 crore at the weighted average of 6.80 per cent.

In the first Liquidity adjustment, the apex bank transacted Rs 360 crore through three bids at the rate of 6.00 per cent.

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

Gilts, however, traded low. The eleven-year Bond (GS 807 per cent 2017) today traded at Rs 102.45 and gave a yield of 7.72 per cent.

The central banki fixed the reference rate for the day at Rs 45.32 per US dollar.

UNI VS SSS SKB1810