The Hindu Business Line : Rupee unchange; bond prices up

The domestic currency opened at Rs 43.89/90 and touched an intra-day low of 43.9750. It, however, bounced back to close at 43.89/90.. A dealer at a private bank said that PSU banks were seen selling dollars.

In the forward premia market, the 12-month closed at 0.62 per cent (0.6) and the 6-month at 0.60 per cent (0.55).

In the bond market, prices were up by 10-15 paise as there was a buying interest in the market. Dealers said that the prices opened lower as a result of the hardening of the US yields as well the price of global crude.

However, with LIC buying securities to the tune of Rs 200 crore, buying interest was triggered.

The 10.25 per cent 16-year 2021 paper opened at Rs 126.40 (7.38 per cent YTM) and closed at Rs 126.60 (7.36 per cent YTM), up from Wednesday's level of Rs 126.49 (7.37 per cent YTM). The 5.69-13 year-2018 paper opened at Rs 87.33 (Rs 7.20 per cent YTM) and closed at Rs 87.38 (Rs 7.20 per cent YTM), marginally higher than the earlier level of Rs 87.36 (Rs 7.20 YTM). The 7.38 per cent 10-year 2015 paper closed at Rs 102.75 (6.99 per cent YTM).

The call rate closed at 5-5.05 per cent (4.95-5). In the one-day reverse repo auction, the RBI received and accepted 45 bids amounting to Rs 35,870 crore. In the CBLO market, there were 227 trades for Rs 7,596.40 crore in the rate range of 4.61- per cent.

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