Repos Interest Up, Deals At Rs 139 Cr

NSE REPORT

The Wholesale Debt Market at the National Stock Exchange witnessed active trading interest for repos yesterday contributing trades worth Rs 139 crore of the total traded volume of Rs 293.44 crore. The repo trades were done in the range of 9 to 9.8 per cent, largely for 12 to 14 days. Increasing number of traders were opting for repo deals as most of them do not want to lock their funds for long periods due to fluctuation in interest rates, said a banker The treasury bills segment saw two trades for 364-day loan maturing on April 24, 1998 for Rs 15 crore at the weighted yield of 8.7 per cent. The corporate debenture segment saw trade worth Rs 3.68 crore.

 

Two repo trades were concluded for 11.19 per cent government loan maturing in 2005 for Rs 35 crore for the term of 14 days at the rate of 9.55 per cent. The same paper was also traded for Rs 17 crore at the weighted yield of 11.08 per cent. A repo deal was concluded for 12.59 per cent government loan maturing in 2004 for Rs 25 crore for a term of 14 days at the rate of 9.8 per cent. The same paper was also traded for 20 crore at the weighted average yield of 11.20 per centIn the corporate debenture segment, a bulk trade of Rs 3.24 crore was done for 15 Southern Petrochem bond maturing in 1999 at the weighted yield of 12.42 per cent.