Financial Daily from THE HINDU group of publications
Friday, Aug 19, 2005
Financial Daily from THE HINDU group of publications Friday, Aug 19, 2005 |
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Money & Banking
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Forex Rupee tad weaker; bond prices fall Our Bureau
MUMBAI: The rupee slightly weakened against the greenback on Thursday on account of demand for dollars by oil importers. The rupee opened at 43.5450 and was range-bound during the day. It inched down to close at 43.57/5750, lower than Wednesday's close at 43.54/55.
In the forward premia market, the 12-month premium closed at 0.85 per cent (0.92) and the 6-month at 0.87 per cent (0.99). In the bond market, prices opened 10-20 paise higher with global crude prices easing to $63.50 per barrel. However, during the day, they fell by 15-20 paise. A dealer at a private bank said that on account of the Rs 8.000 crore government auction duirng the day, there was little buying support. The 10.25-16 year-2021opened at Rs 125.75 (7.45 per cent YTM) and closed at Rs 125.40 (7.48 per cent YTM), lower than Wednesday's close at Rs 125.49 (7.47 per cent YTM). The 7.37-9year-2014 paper at Rs 102.30 (7.01 per cent YTM) and closed at Rs 102.18 (7.03 per cent YTM). The 7.38-10 year-2015 paper was dealt at Rs 102.19(7.07 per cent YTM), down from Wednesday's Rs 102.25 (7.07 per cent YTM). The call rate closed at 5 per cent (4.90-5). In the one-day reverse repo auction, the RBI received and accepted 48 bids amounting to Rs 36,345 crore. In the CBLO market, there were 192 trades for Rs 9,038.15 crore in the rate range of 4.65-5 per cent.
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