Financial Daily from THE HINDU group of publications
Tuesday, Sep 13, 2005
Financial Daily from THE HINDU group of publications Tuesday, Sep 13, 2005 |
|
|
|
|
|
Money & Banking
-
Forex Rupee tad higher; bonds steady Our Bureau
MUMBAI: The rupee slightly gained against the dollar on Monday but was largely range-bound as demand matched supply of dollars. The rupee opened at 43.81 and touched an intra day low of 43.84. It closed at 43.8350, slightly higher than Friday's close at 43.84. The trade was largely between inter-bank players, dealers said. In the forward premia market, the 12-month closed at 0.65 per cent (0.64) and the 6-month at 0.62 per cent (0.55). In the bond market, prices opened higher than Saturday's closing. A dealer at a private bank said there was some buying in the first half of the day and some selling in the second half of the day. This resulted in the prices staying almost unchanged. "With the global crude prices as well as US yields having eased, there was a feel-good factor in the market," he said. The 10.25-16 year-2021 paper opened at Rs 126.33 (7.39 per cent YTM) and closed at Rs 126.35 (7.38 per cent YTM), higher than Friday's Rs126.22 (7.40 per cent YTM). The 5.69-13 year-2018 paper opened at Rs 87.35 (7.20 per cent YTM) and closed at Rs 87.29 (7.21 per cent YTM). The 7.38-10 year-2015 benchmark paper was dealt at Rs 102.55 (7.02 per cent YTM). Call rates closed at 5-5.05 per cent (5-5.05). In the one-day reverse repo auction, the Reserve Bank of India received and accepted 43 bids amounting to Rs 41,820 crore. In the CBLO market, there were 225 trades for Rs 9,037 crore in the rate range of 2.01- 4.95 per cent.
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
|
