Financial Daily from THE HINDU group of publications
Friday, Jun 10, 2005
Financial Daily from THE HINDU group of publications Friday, Jun 10, 2005 |
|
|
|
|
|
Money & Banking
-
Forex Rupee tad weaker; gilts decline Our Bureau
MUMBAI: The rupee reversed its week-long upturn and edged down against the dollar on Thursday. It ended trade at 43.5305/54, lower than Wednesday's close of 43.4950, as the dollar gained ground elsewhere. A forex dealer at a private bank said the spot market was, by and large, range bound and there was movement of only 2 paise between 43.5205 and 43.5405.The 12-month premium closed at 1.21 per cent (1.23 per cent) and the 6-month premium ended at 1.29 per cent (1.2 per cent). In the bond market, prices fell 30-80 paise on profit booking. A dealer at a private bank said there was some selling on the heels of the RBI's announcement of a Rs 2,500-crore State loan auction. The 8.07-12 year-2017 paper opened at Rs 109.80 (6.83 per cent YTM) and closed at Rs 109.05 (6.92 per cent YTM). The 7.38-10 year-2015 paper was dealt at Rs 104.05 (6.82 per cent YTM) down from Wednesday's Rs 109.80 (6.83 per cent YTM). Call rate was at 5 per cent. (5-5.10 per cent). In the one-day reverse repo, under the Liquidity Adjustment Facility, the RBI received and accepted 30 bids amounting Rs 12,170 crore. The CBLO market saw 127 trades, aggregating Rs 4,199.00 crore in the rate range of 4.92 to 5.00.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|