Call rates traded at 5.75-5.85 pc; Bonds low

Tuesday, July 18, 2006, 19:04 [IST]

Mumbai, Jul 18 (UNI) Call rates today traded flat in the range of 5.75-5.85 per cent on account of strong liquidity flow in the market.

RBI in the call money market on July 17 transacted Rs 13,912.44 crore at the weighted average of 5.83 per cent.

In the first Liquidity adjustment RBI transacted Rs 29,810 crores through 25 bids at the rate of 5.75 per cent.

RBI did not inject any money through the repo auction.

Earlier, RBI had fixed the reference rate for the day at Rs 46.73 / US Dollar compared to the previous rate of Rs 46.44/US Dollar.

Gilts were at four year high today. The eleven year Bond (GS 8.07% 2017) traded at Rs 97.51, which gave a yield of 8.43 per cent.

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