Ample cash: call rates drop to 0.5%

Ample cash: call rates drop to 0.5%
PTI
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First Published: Tue, Jun 05 2007. 12 11 AM IST
Updated: Tue, Jun 05 2007. 12 11 AM IST
Mumbai: Government bond prices showed a mixed trend due to uneven demand and supply transactions while call rates moved down marginally due to ample cash available in the banking system.
The call rate ended at 0.50% against 1% previously after moving in a range of 0.40-3%.
The 9.39% government security maturing in 2011 firmed up to Rs105.23 from Rs105 and its yield dipped to 7.86% from 7.93%. The 7.59% government security maturing in 2016 dropped to Rs96.68 from Rs96.85 on Friday while its yield rose to 8.12% from 8.09%.
The 8.07% government security maturing in 2017 also closed lower at Rs99.89 from Rs99.96 while its yield edged up to 8.08% from 8.07% previously.
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First Published: Tue, Jun 05 2007. 12 11 AM IST
More Topics: Money Matters | Currency |