The wholesale debt market segment of the National Stock Exchange witnessed increased trading with deals worth Rs 247.01 crore being struck yesterday.
The short and the medium term securities continued to be picked up by the banks even as the calls climbed up to the 3.5 per cent to 4 per cent range.
The prices of securities moved up as the repo auction was pegged at 4 per cent indicating that the central bank wants the inter-bank call rate to hover around those levels.
The 13.50 per cent central government security maturing in 1997 was traded for Rs 103.08. Several other deals were struck in the same security at prices ranging between Rs 103.06 and Rs 103.12.
The 13.50 per cent central government security maturing in 1998 saw a deal worth Rs 5 crore at 11.37 per cent. The deal, which is to be settled the same day, was concluded at Rs 102.09.
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The price of the zero coupon security came down marginally once again with deals in this security being struck at Rs 62.73.
A trade was concluded in the paper at a yield of 7.24 per cent at Rs 76.90.
The 91-day treasury bill maturing on January 1 was dealt for Rs 10 crore at 6.68 per cent. The deal, to be settled the same day, was concluded at Rs 98.41.