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The cut in the marginal standing facility (MSF) rate helped government bond yields fall sharply on Tuesday and end near its three-week low. The Street expects further fall in yields over the next few days, owing to easy liquidity on the back of government spending and maturity of cash management bills (CMBs). The yield on the 10-year benchmark government bond 7.16 per cent 2023 ended at 8.50 per cent, as liquidity eased. The yield had ended at 8.68 per cent on Monday. On September 19, the yield had ended at 8.19 per cent.
Meanwhile, the rupee ended on a stable note on Tuesday, despite dollar demands from private oil marketing companies. This was because of dollar sale by state-run banks on behalf of the Reserve Bank of India, according to currency dealers. On Tuesday, the rupee ended at 61.80 against the dollar, the same level as its previous close. It had opened at 61.71 and during intra-day trades, touched a high of 61.61 and a low of 61.91 against the greenback.
Call rates end lower
Call money rates turned lower at the overnight market here on Tuesday on lack of demand from borrowing banks.The rates ended lower at 8.95 per cent from 9.45 per cent on Monday.
Meanwhile, the rupee ended on a stable note on Tuesday, despite dollar demands from private oil marketing companies. This was because of dollar sale by state-run banks on behalf of the Reserve Bank of India, according to currency dealers. On Tuesday, the rupee ended at 61.80 against the dollar, the same level as its previous close. It had opened at 61.71 and during intra-day trades, touched a high of 61.61 and a low of 61.91 against the greenback.
Call rates end lower
Call money rates turned lower at the overnight market here on Tuesday on lack of demand from borrowing banks.The rates ended lower at 8.95 per cent from 9.45 per cent on Monday.
