12.14% Govt Loan Traded For Rs 80 Cr

NSE REPORT

Call money rates made the trading at the debt segment of the National Stock Exchange dull yesterday.

Trading volume was placed at Rs 191.22 crore. Deals for this week are placed at Rs 1306.17 crore.

The security prices opened lower initially with the rates being quoted at 15 to 20 paise lower than the previous close.

Subsequently the prices went up towards close of the day. "The call rates should be much lower tomorrow as money is likely to come into the system " said a market dealer.

Calls opened initially in the range of eight per cent but demand in the latter part of the day saw calls close at 10--10.25 per cent range.

 

Initially, with the demand being in the securities having short and medium maturities, the market saw a dull day. However, the 12.14 per cent government loan maturing in 2000 was traded for Rs 80 crore at 11.85 per cent yields.

Treasury bills also saw a lacklustre day with April treasury bills changing hands for Rs 6 crore at 8.93 per cent yield. Certificate of deposit issued by Punjab and Sind Bank was dealt for Rs 20 crore at eight per cent yield.

Corporate debentures drew interest of Rs 5.74 crore of which the new issue of Reliance Capital maturing in 2000 saw deals worth Rs 4.95 crore at 15.68 per cent yields.