Traded Volume Dips To Rs 106.10 Crore

NSE REPORT

The wholesale debt market (WDM) at the National Stock Exchange (NSE) witnessed a dull trading session yesterday owing to uncertainty over the interest rates. Market players said that traders preferred not to take a position resulting to low volume.

Since the rupee depreciated to an all-time low of 42.86 yesterday, traders fear that if the Reserve Bank of India (RBI) takes any rupee support measure it would have direct implication on the money market and thus have opted for a wait-and-watch policy.

The WDM saw 20 trades and a volume of Rs 106.10 crore. The treasury bills segment witnessed only three trades contributing Rs 24.50 crore.

The day saw a repo trade worth Rs 5 crore being concluded for the 11.50 per cent government loan maturing in 2006. The deal was done for a term of 12 days and at the rate of 7.70 per cent.

The 11.64 per cent government paper maturing in 2000 was traded for Rs 25 crore at a weighted average yield of 11.19 per cent. The paper was traded for a low of Rs 100.70 and a high of Rs 100.80.

The zero per cent government loan maturing in 2000 (B series) was traded for Rs 20 crore at a weighted average yield of 11.15 per cent.