Financial Daily from THE HINDU group of publications
Saturday, Nov 19, 2005
Financial Daily from THE HINDU group of publications Saturday, Nov 19, 2005 |
|
|
|
|
|
|
|
Money & Banking
-
Forex Rupee unchanged; bond prices fall Our Bureau
MUMBAI: The rupee ended almost unchanged against the US currency on Friday as demand matched supply of dollars. The domestic currency opened at 45.72/73 and ended at 45.76/77, slightly higher than Thursday's close at 45.77/78. A dealer at a private bank said the rupee is likely to be in the range of 45.60-90 if there are no major triggers. In the forward market, the 6-month premium closed at 0.53 per cent (0.5) and the 12-month at 0.46 per cent (0.43). Bond prices rose initially in anticipation of lower inflation data. However, prices fell following the release of inflation data. The prices also fell on the Finance Minister's statement that the Government would carry on with the scheduled borrowing programme in November. The 7.49 per cent - 12-year 2017 paper opened at Rs 101.67 (7.27 per cent YTM) and closed at Rs 101.62 (7.28 per cent YTM), slightly lower than Thursday's Rs 101.63 (7.27 per cent YTM). The 7.37 per cent - 9- year 2014 paper opened at Rs 102.54 (6.96 per cent) and ended at Rs 102.50 (6.97 per cent YTM), down from Thursday's Rs 102.54 (6.96 per cent YTM). The 7.38 per cent-10-year 2015 paper was dealt at Rs 102.04 (7.08 per cent YTM). The call rate closed at 6.20-30 per cent (6.30-40). In the three-day reverse repo, under the LAF, the RBI received and accepted three bids amounting to Rs 680 crore. In the three-day repo auction, the RBI received and accepted three bids amounting to Rs 1,250 crore. In the CBLO market, there were 278 trades for Rs 11,138.45 crore in the rate range of 5.95-6.25 per cent.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page More Stories on : Forex
|
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
|