The Hindu Business Line : Rupee unchanged; bond prices fall

Dealers said the earlier half of the day saw some dollar selling and the rupee touched an intra-day high of 43.48/50. With inflows not being as per expectations, the rupee fell to end at 43.55/56.

In the forward premia market, the 12-month ended at 1.27 per cent (1.29 per cent) and the six-month closed at 1.44 per cent (1.42 per cent).

In the bond market, prices opened 20-25 paise higher than Wednesday's closing but fell on profit booking.

A dealer at a private bank said, "A fall in the US yields yesterday from 4.03 per cent to 3.96 per cent caused the bond prices to open higher. The price of crude has also slightly eased."

However, the auction of the 7.49 12-year 2017 paper caused some sell-off, said dealers.

The 8.07 12-year 2017 paper opened at Rs 109.53 (6.86 per cent YTM) up from Rs 109.03/31 (6.89 per cent). It, however, closed the day at Rs 109.40 (6.88 per cent YTM).

The 7.38 10-year benchmark paper was dealt at Rs 104.15 (6.8067 per cent YTM) up from Rs 104.05/10 (6.83 per cent).

The call rate remained unchanged at 4.95-5.05 per cent. In the one-day reverse repo auction, under the liquidity adjustment facility, RBI received and accepted 31 bids amounting to Rs 11,550 crore. The CBLO market saw 185 trades being put through in the rate range of 4.90-5.03 per cent aggregating to Rs 7,867.45 crore.

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