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11.83% Paper Sees Rs 25cr Repo Deal

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NSE REPORT

The wholesale debt market at the National Stock Exchange has clocked a trading volume of Rs 162.84 crore, recording 30 trades.

"There was no buying interest among traders and thus prices were range-bound," a dealer said. "The market is expected to see depressed trading sentiments for the next few days as well," the dealer predicted.

The day saw one repo trade worth Rs 25 crore in 11.83 per cent government loan maturing in 2003. The repo deal was done for a term of 14 days at the rate of 9.15 per cent. The commercial paper segment saw one trade for Rs 1 crore while there was not a single trade reported in the treasury bill segment.

 

The bonds of IDBI and ICICI showed an aggregate volume of Rs 17 crore. The 11.55 per cent government loan maturing in 2001 saw four trades, aggregating a volume of Rs 30 crore. The paper was traded at the weighted average yield of 11.54 per cent, at a low of Rs 99.90 and a high of Rs 99.94.

The 13.75 per cent government loan maturing in 2001 saw two trades for Rs 20 crore at the weighted average yield of 11.59 per cent. The 15.25 per cent IFCI bonds maturing in 2005 was traded for Rs 10 crore and at the yield of 14.37 per cent.

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First Published: Sep 25 1998 | 12:00 AM IST

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