Market Commentary

Inter-bank call money rate ends at 6.35% - GEPL Capital



Posted On : 2013-07-04 22:18:40( TIMEZONE : IST )

Inter-bank call money rate ends at 6.35% - GEPL Capital

The Inter-bank call money rate traded in the range of 6.25% to 7.00% on Thursday, ended at 6.35%.

Total Borrowings From RBI's Repo with banks Taking Rs.116900 mn on Thursday Vs Rs.172150 mn on Wednesday.

The benchmark 7.16% GOI 2023 Closed at 7.4186% on Thursday Vs 7.5022% on Wednesday.

U.S.Treasury fell for the first time in three days as traders speculated the June employment report may be strong enough for the Federal Reserve to pull back on its asset-buying program.

10 year (7.16% GOI 2023 ) yield likely to move in the range of 7.37% - 7.43% level on Friday.

Source : Equity Bulls

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