Markets Reports

Money market

Sentiment: Moderate

Gilt prices slipped in initial trades on profit booking but recovered towards the end.

Prices of medium and long-term securities fell by almost 30-40 paise but gained around the same during the close.

The cut-off yield of the 91-day t- bill was much higher at 4.75 per cent contrary to market expectations of 4.65 per cent.

Call ruled easy at 4.35-40 per cent and repo subscription stood at Rs 23,000 crore.

The 10-year benchmark 9.81 per cent 2013 closed higher at 5.26 per cent against Tuesday