Market Commentary

Inter-bank call money rate ends at 9.45% - GEPL Capital



Posted On : 2013-09-26 21:59:27( TIMEZONE : IST )

Inter-bank call money rate ends at 9.45% - GEPL Capital

The Inter-bank call money rate traded in the range of 9.30% to 9.60% on Thursday, ended at 9.45%.

Total Borrowings From RBI's Repo with banks Taking Rs.405250 mn on Thursday Vs Rs. 404670 mn on Wednesday.

The benchmark 7.16% GOI 2023 Closed at 8.7178% on Thursday Vs. 8.7862% on Wednesday.

US.Treasury were little changed, holding a four-day advance, as investors prepared to bid for $29 billion of seven-year securities today, the last of three note sales this week totaling $97 billion.

10 year (7.16% GOI 2023) yield likely to move in the range of 8.65-8.72% level on Friday.

Source : Equity Bulls

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