Call rates range-bound
Call rates ended the day in the range of 0.30-0.40 per cent while rates on the CBLO market ended slightly higher at 0.03-0.05 per cent levels, compared to Monday’s closing levels of 0.01 per cent.
Call rates ended the day in the range of 0.30-0.40 per cent while rates on the CBLO market ended slightly higher at 0.03-0.05 per cent levels, compared to Monday’s closing levels of 0.01 per cent.
The central bank did not infuse any funds through the repo operations. On the other hand, it mopped up bids worth Rs 2,997 crore through reverse repo operations while banks placed bids worth Rs 50,000 crore at both sessions of liquidity adjustment. RBI declared a higher-than-expected cut-off at the auction of central government securities. The central bank set a cut-off yield of 8.52 per cent on the 8.33 per cent bond maturing in 2036 and a yield of 8.17 per cent on the 7.49 per cent bond, maturing in 2017. The yield on the benchmark 8.07 per cent 2017 bond ended at 8.09 per cent, up from the previous close of 8.08 per cent.
The central bank did not infuse any funds through the repo operations. On the other hand, it mopped up bids worth Rs 2,997 crore through reverse repo operations while banks placed bids worth Rs 50,000 crore at both sessions of liquidity adjustment. RBI declared a higher-than-expected cut-off at the auction of central government securities. The central bank set a cut-off yield of 8.52 per cent on the 8.33 per cent bond maturing in 2036 and a yield of 8.17 per cent on the 7.49 per cent bond, maturing in 2017. The yield on the benchmark 8.07 per cent 2017 bond ended at 8.09 per cent, up from the previous close of 8.08 per cent.
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