Financial Daily from THE HINDU group of publications
Friday, Feb 03, 2006
Financial Daily from THE HINDU group of publications Friday, Feb 03, 2006 |
|
|
|
|
|
|
|
Money & Banking
-
Forex Rupee weakens; bond prices fall Our Bureau
Mumbai , Feb. 2 THE rupee closed a tad lower against the greenback on Thursday in tandem with the weakening of the yen and on the back of demand for dollars. The domestic currency opened at 44.27/28, lower than Wednesday's close at 44.21. It touched an intra-day low of 44.32/33 and finally closed at 44.25/26. In the forward premia market, the 6-month closed at 2.30 per cent (2.37) and the 12-month ended at 1.77 per cent (1.80). In the bond market, traded volumes were thin due to the pressure on liquidity. Dealers said the prices fell by around 40 paise as there were concerns about a further outflow of cash with the impending Rs 9,000 crore G-Sec auction. However, post the market hours, the Reserve Bank of India announced that a Rs 6,000-crore auction will take place on February 7, Rs 3,000 crore lower than the expected amount. The 8.07 per cent-11 year-2017 paper opened at Rs 105.10 (7.38 per cent YTM) and closed at Rs 104.82 (7.42 per cent YTM), down from Wednesday's Rs 105.24 (7.36 per cent YTM). The 11.90 per cent - 1year-2007 paper opened at Rs 106.38 (6.75 per cent YTM) and closed at Rs 106.30 (6.80 per cent YTM). The call rate closed at 6.75 per cent (6.75-90). In the first one-day reverse repo auction, the RBI received one bid for Rs 500 crore, but there were 31 bids for Rs 12,685 crore in the repo auction. In the second one-day reverse-repo auction, RBI received six bids for Rs 1,950 crore and in the repo auction seven bids for Rs 980 crore. In the CBLO market, there were 375 trades for Rs 19,368.40 crore in the 6.45-6.75 per cent.
More Stories on : Forex
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 | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, 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
|