Call rates trade high between 7.1-7.20 pc level, bonds flat

Mumbai, Oct 23 (UNI) Call rates today traded high at 7.1 and closed at 7.20 per cent level amidst declining liquidity position.

Reserve Bank of India (RBI) in the call money market on October 20 transacted Rs 5,694.95 crore at the weighted average of 67.69 per cent.

In the first liquidity adjustment today, the central bank transacted Rs 85 crore through two bids at the rate of 6.00 per cent, whereas in the second liquidy auction, RBI transacted Rs 640 crore through four bids at a weighted avverage of 6.00 per cent.

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

Gilts today traded flat the (GS 8.07 per cent 2017) bond traded at Rs 102.64 and gave a yield of 7.69 per cent.

RBI fixed the reference rate for the day at Rs 45.40 per US dollar as compared to Rs 45.31 per USD on Friday.

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