Call ends weak at 6.40%

Call rates continued to lean down on good liquidity position. Yield also closed sharply lower. The call rates at the overnight call money market opened at 6.40-6-50% and after moving in a range of 6.30 and 6.40, ended at 6.40%, lower than the previous close of 6.50%.

Among the government securities, the benchmark 9.39% paper maturing in ‘11 rose sharply to Rs 108.23/27 from the previous close of Rs 107.88/90 and yield declined steeply to 7.31% from 7.39. The 7.59% stock maturing in ‘16 also firmed up notably to Rs 100.19/21 from Monday’s close of Rs 99.75/77 (yield 7.56%).

RBI mopped up Rs 5,640 crore in four bids in the morning session at the one-day reverse repo auction at 6% and another rs 9,880 crore in 16 bids in the evening under the liquidity adjustment facility (laf). Pti anr sbp anr hk 09261947 del