Inter-bank call money rate trades in range of 6.85% to 7.35% - GEPL Capital

The Inter-bank call money rate traded in the range of 6.85% to 7.35% on Friday, ended at 7.00%. Total Borrowings From RBI's Repo with banks Taking Rs. 751350 mn on Friday Vs Rs. 972800 mn on Thursday.

The benchmark 8.15% GOI 2022 Closed at 7.4434% on Friday Vs 7.4407% on Thursday.

US Treasury 10-year notes rose, with yields paring the biggest monthly gain since December 2010, amid speculation a report will show U.S. consumer spending stagnated, damping bets the Federal Reserve will taper monetary stimulus.

10 year yield likely to move in the range of 7.40% - 7.45% level on Monday.

Source : Equity Bulls

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