Call money closes higher at 7.80/8.00

Mumbai, Feb 5 (UNI) Call money ended higher by 10 basis points today compared to the previous close of 7.80/7.90 per cent in an otherwise steady market, dealers said.

Call money rates opened at 7.80 and moved to 8.00 per cent during the course of trading.

Action was witnessed in long term maturities 5-year bond and the yield was 7.62 per cent.

The rising inflation rate already sent red signals to the market after the annual inflation surpassed 6 per cent to touch 6.11 per cent, dealers said.

The yield on the benchmark 10-year bond ended at 7.98 per cent, from the previous close of 7.70 per cent.

UNI