NSE REPORT
The wholesale debt market at the National Stock Exchange (NSE) witnessed active trading with repo deals aggregating to Rs 205 crore.
Repo rates were exorbitant and call rates touched a high of 120 per cent, said a dealer at the National Stock Exchange.
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The treasury bills were traded for Rs 173 crore.
The bill maturing in February was traded for 24 per cent, the treasury bill maturing in April at 28 per cent and the one which maturing in November at 18 per cent.
Repos for treasury bills for 14 days was done at the rate of 11 per cent.
The 13.75 per cent gilt maturing in 2001 was concluded for seven days at the rate of 75 per cent for Rs 40 crore.
Yet another deal was done for an aggregate amount of Rs 40 crore for 14 days at the rate of 75 per cent for the 13.25 per cent gilt maturing in 2000.
The 13.50 per cent government loan maturing in 1998 was in demand and was traded for Rs 37 crore at a weighted yield average of 22.31 per cent.
The paper was traded for Rs 97.65 and a high of Rs 98.25.