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Call Rates Grooved, Gilts Oscillate, Rupee Firm

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BUSINESS STANDARD

Call rates stayed flat in the 4.4-4.5 per cent range last week on account of ample liquidity in the system.

The Reserve Bank of India accepted around Rs 38,600 crore at the one-day and 14-day repo subscriptions.

Yields on government bonds rose slightly after the apex bank set a lower-than-expected price for the sale of the Rs 5,000 crore 16-year bonds.

There was a tapering of transaction volumes in gilts on Tuesday with several dealers closing early on account of the conclusion of the Ganesh festival.

While there was not much change in call rates during the week, the yield on the benchmark 10-year bond went up to 5.32 per cent

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First Published: Sep 15 2003 | 12:00 AM IST

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