Call rules flat at 5.75-5.85%

Rates on the inter-bank call money market remained unchanged at 5.75-5.85% on Wednesday. RBI mopped up bids worth Rs 50,675 crore under the reverse repo auctions at the two sessions of liquidity adjustment.

The benchmark 10-year 7.59% 2016 paper saw yields dipping to 7.7852% at the day’s closing sessions against Tuesday’s close of 7.8113%.

The cut-off yield on the 91-day treasury bill rose by 45 bps at 6.19% compared with last week’s cut-off of 5.74%.

Similarly, the cut-off yield on the 182-day t-bill also rose by 32 bps to touch 6.50% compared with 6.18% two weeks ago.

The Centre is expected to borrow Rs 5,000 crore through a 15-19 year bond scheduled to take place between June 15 and 24.