Rs 35cr Deal In 13.85% Paper

"With call rates stabilising at 0.5 per cent to 1 per cent, it makes sense to invest in the treasury bills and the short-term securities," a banker with a private bank said.

The 13.62 per cent central government security maturing in 1998 was traded for Rs 20 crore. This trade, which is to be settled on the same day, was struck at 13.37 per cent.

A Rs 35-crore deal was struck in the 13.85 per cent central government security maturing in 2006. The trade, which is to be settled the same day, was concluded at a yield of 13.91 per cent.