Forwards: In the forward market, the 12-month ended at 0.49 per cent (0.47) and the 6-month at 0.50 per cent (0.5).

Bonds: In the bond market, the mood was bullish after a long bearish phase. The recovery of the rupee was a positive trigger for the bond market. A dealer at a private bank said that globally, the easing of the price of crude to US$60 and a fall in US yields from 4.48 per cent YTM to 4.43 per cent YTM also aided the domestic bond market.

The 7.37- 9 year - 2014 paper closed at Rs102.275 (7 per cent YTM), up from Thursday's close at Rs101.91 (7.06 per cent YTM). The 10.25-16 year-2021 paper ended at Rs125.42 (7.46 per cent YTM), higher than Thursday's close at Rs124.97 (7.51 per cent YTM). The 7.38-10 year-2015 paper was dealt at 7.13 per cent YTM.

Call Rate: The call rate closed at 5.05-5.10 per cent (5-5.05).

Reverse Repo: In the three-day reverse repo, under the LAF, RBI received and accepted 28 bids amounting to Rs15,980 crore.

CBLO: In the CBLO market, there were 258 trades for Rs12,265.60 crore in the rate range of 4.90-5.48 per cent.

21 October 2005

Rupee slips further - bonds bearish
Mumbai: The rupee slipped further against the dollar closing the day at 45.23/24. On Wednesday, it had closed at 45.16. Dealers said that most Asian currencies were under pressure against the dollar. Dealers also said there was some RBI intervention in the market, with PSU banks selling dollars.

Forwards: In the forward market, the 12-month premium ended at 0.47 (0.49) and the 6-month at 0.5 per cent (0.54).

Bonds: Prices opened lower but moved up slightly during the day. Dealers said that sentiment in the bond market was bearish and there was no buying support. Volumes were thin at Rs750 crore.

G-Secs: The 10.25-16 year-2021 closed at Rs124.97 (7.51 per cent YTM), almost the same level as Wednesday's Rs124.98 (7.51 per cent YTM). The 7.37-9 year-2014 paper closed at Rs101.91 (7.06 per cent YTM), lower than Wednesday's close at Rs101.95 (7.06 per cent YTM).

Call rates: The call rate closed at 5-5.05 per cent.

Reverse Repo: In the one day reverse repo, under the liquidity adjustment facility, RBI received and accepted 31 bids amounting to Rs17,220 crore in the one-day reverse repo auction.

CBLO: In the CBLO market, there were 252 trades for Rs13,562.70 crore in the rate range of 4.94-5.10 per cent.

20 October 2005

Rupee volatile
Mumbai: The rupee opened at 45.30/31, touched a low of 45.41 but recovered to close at 45.16, almost unchanged from Tuesday's close of 45.16/17.

Forwards: The six-month premium touched a low of 0.37 per cent but closed at 0.54 per cent (0.43 per cent). The 12-month premium touched a low of 0.38 per cent, closing at 0.49 per cent (0.43 per cent).

Bonds: Bond prices fell as they tracked the forex and equity markets. The bond market also saw low volumes, as dealers were not taking positions ahead of the Credit Policy.

G-Secs: The 7.37 per cent 9 year-2014 paper ended at Rs101.95 (7.06 per cent YTM), lower than Tuesday's close of Rs102.05 (7.04 per cent YTM). The 10.25 per cent 16 year-2021 paper closed at Rs124.98 (7.51 per cent YTM), down from the earlier level of Rs125.08 (7.50 per cent YTM).

Call rates: Call rates opened at 5 per cent and closed at 5-5.10 per cent (5-5.05 per cent).

Reverse Repo: Liquidity improved slightly as the RBI received and accepted 28 bids amounting to Rs15,605 crore in the one-day reverse repo auction.

CBLO: In the CBLO market, there were 243 trades for Rs14,167.25 crore in the rate range of 4.98-5.07 per cent.

RBI: T-bill auctions fully subscribed
Mumbai: According to the RBI, the auctions of the 91-day Treasury bill and the 182-day Treasury bill on Wednesday were fully subscribed.

As for the 91-day T-bill the notified amount was Rs2,000 crore, of which Rs1,500 crore was under the Market Stabilisation Scheme (MSS).

The RBI received 65 competitive bids, amounting to Rs3,678.39 crore. Of these, it accepted 43 bids. The cut-off price was Rs98.64 (5.53 per cent YTM). The partial allotment percentage amounted to 34.65 per cent from 20 bids. The weighted average price was Rs98.65.

In the case of the 182-day T-bill, the notified amount was Rs1,500, of which Rs1,000 crore was under MSS. The RBI received 51 bids amounting to Rs2,290.10 crore. Of these, it accepted 45 bids. The cut-off price was Rs97.20 (5.78 per cent YTM). The partial allotment percentage amounted to 11.91 per cent from three bids. The weighted average price was Rs97.22.

The RBI did not receive any non-competitive bid for both bills. The devolvement of RBI was nil on both bills.