Financial Daily from THE HINDU group of publications
Wednesday, May 18, 2005
Financial Daily from THE HINDU group of publications Wednesday, May 18, 2005 |
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Money & Banking
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Forex Rupee unchanged; bond prices firm up Our Bureau
MUMBAI: The forex market saw a lot of intra-day movement on Tuesday, with the rupee gaining against the dollar on inflows through the ADR issue of Satyam but losing the gains due to dollar buying by corporates, said dealers. However, the rupee ended almost unchanged at 43.49 as compared to Monday's close of 43.4950/50. The forward premia market saw hardly any movement. The 6-month premium closed at 1.55 per cent (1.58 per cent) and the 12-month premium at 1.35 per cent (1.38 per cent) In the bond market, prices were up by around 25 paise due to the state loan auction and fall in oil prices, said dealers. The 7.55-5 year-2010 bond closed at Rs 103.08 (6.81 per cent YTM), up from Monday's close of Rs 103.5 (6.82 per cent YTM). It had opened at Rs 103.2 (6.80 per cent YTM). The 8.07-12 year-2017 paper closed at Rs 105.65/70 (7.34 per cent YTM) against Monday's close of Rs 105.28/32 (7.38 per cent YTM). The 7.38-10 year-2015 benchmark paper was traded at Rs 101.55/60 (7.16 per cent YTM), up from Monday's close of Rs 101.40 (7.18 per cent YTM). Call rates were steady at 5-5.05 per cent (4.95-5.05 per cent). In the one-day reverse repo, under the liquidity adjustment facility, the RBI received and accepted 35 bids amounting to Rs 21,900 crore. The CBLO market saw 170 trades aggregating Rs 8123.75 crore, in the rate range of 4.85 to 5.25 per cent.
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