Financial Daily from THE HINDU group of publications
Saturday, Oct 15, 2005
Financial Daily from THE HINDU group of publications Saturday, Oct 15, 2005 |
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Money & Banking
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Forex Rupee trims losses; bond prices rise Our Bureau
MUMBAI: The rupee trimmed some of its losses against the greenback on Friday on account of dollar selling. The domestic currency opened at 44.92/93 and touched an intra-day high of 44.80. It closed at 44.84/85, up from Thursday's 44.9450/9550. Dealers said that the rupee appreciated on the back of dollar supply. In the forward premia market, the 12-month closed at 0.47 per cent (0.55) and the 6-month at 0.47 per cent (0.63). In the bond market, the prices opened around 40 paise higher than Thursday's closing as a Rs 4,000-crore auction of a dated security was cancelled by the RBI. Prices, however, fell during the day as a result of profit-booking. The 10.25-16 year-2021 paper opened at Rs 125.62 (7.44 per cent YTM)and closed at Rs 125.45 (7.46 per cent YTM), higher than Thursday's Rs 125.20 (7.49 per cent YTM). The 7.37-9 year-2014 paper opened at Rs 102.40 (6.99 per cent YTM) and ended at Rs 102.29 (7 per cent YTM). The 7.38-10 year-2015 benchmark paper closed at Rs 101.80 (7.12 per cent YTM), up from Thursday's Rs 101.60 (7.15 per cent YTM). The call rate closed at 4 per cent (5-5.05). In the three-day reverse repo auction, the Reserve Bank of India received and accepted 22 bids amounting to Rs 9,255 crore. In the CBLO market, there were 335 trades for Rs 11,609.15 crore.
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