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Re advances the most in almost a week

Agencies  |  Mumbai 

The advanced the most in almost a week as prospects that the US central bank will ease boosted the outlook for inflows into the nation’s higher-yielding assets. The advanced 0.7 per cent to 55.14 per dollar in Mumbai, according to data compiled by Bloomberg. Three-month offshore non-deliverable forwards contracts traded at 56 a dollar, compared with 56.30 yesterday. Forwards are agreements to buy or sell assets at a set price and date. are settled in dollars.

Bonds react downwards
reacted downwards on heavy selling pressure from banks and companies. The 9.15 per cent government security maturing in 2024 dipped to Rs 106.43 from 106.56 previously, while its yield edged up to 8.30 per cent from 8.29 per cent.

The 8.15 per cent government security maturing in 2022 fell to Rs 100.42 from 100.55, while its yield moved up to 8.09 per cent from 8.07 per cent. The 8.19 per cent government security maturing in 2020 slid to Rs 100.23 from Rs 100.35, while its yield gained to 8.15 per cent from 8.13 per cent.

Call rates end lower
The ended lower here on Thursday due to lack of demand from borrowing banks, amidst ample liquidity in the banking system. It finished lower at eight per cent from yesterday’s closing level of 8.10 per cent. It moved in a range of 8.20 per cent and 7.95 per cent.

First Published: Fri, July 20 2012. 00:16 IST
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