Call rates go flat at 6-6.10%
Rates on the inter-bank call money market remained steady at 6-6.10%. The Reserve Bank of India mopped up bids worth Rs 41,300 crore under the reverse repo auctions at the liquidity adjustment sessions. Bond prices, however, came off the three-mon...
By TNN |
Rates on the inter-bank call money market remained steady at 6-6.10%. The Reserve Bank of India mopped up bids worth Rs 41,300 crore under the reverse repo auctions at the liquidity adjustment sessions. Bond prices, however, came off the three-month highs on Monday.
The yield on the benchmark 7.59% ’16 paper closed the day at 7.75%, as compared to Monday’s closing levels of 7.73%. On Friday this week, the Centre is expected to raise Rs 9,000 crore through auction of two-dated securities, the benchmark paper and the 7.50% ’34 paper. Hence, on Tuesday traders were seen selling their holdings to fund their purchases on the day of the auction.
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