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11% Govt Loan Sees Rs 30-Crore Trades

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NSE REPORT

The wholesale debt segment at the NSE clocked a trade volume of Rs 329.08 crore. Of this the treasury bills segment share was Rs 44 crore. The papers having ten year maturity are seen in high demand as traders are funding high coupon securities through the call money market, said a trader. Besides, they also expect their portfolio to appreciate on the assumption that there will be an easy money scenario from April, he added.

A repo deal worth Rs 30 crore was concluded for 13.50 per cent government loan maturing in 2007. The repo deal was done for 13 days and at the rate of nine per cent. The same paper was also traded for Rs 122 crore at the weighted average yield of 12.02 per cent, at a high of Rs 105.57. It closed at a low of Rs 105.43.

 

The 11-per cent government loan maturing in 2002 was traded for Rs 30 crore at the weighted average yield of 11.27 per cent. The paper was traded for a low of Rs 98.95 and touched a high of Rs 99.10 before closing at 99. The 12.69-per cent government loan maturing in 2002 was traded for Rs 25 crore at the weighted average yield of 11.29 per cent. The paper saw five trades and was traded in the Rs 104.41 to Rs 104.45 range.

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First Published: Mar 26 1998 | 12:00 AM IST

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