NSE REPORT
The wholesale debt market segment of the National Stock Exchange witnessed trades worth Rs 220.58 crore yesterday with the 12 per cent 1999 government stock trading for Rs 25 crore at 12.69 per cent.
The 13.40 per cent 1999 government loan was also dealt for Rs 25 crore at 12.69 per cent, while the 364 day T-bill maturing on August 15, 1997, was traded at 9.90 per cent. The 11.64 per cent 2000 government loan was transacted at 13.17 per cent.
The inter-bank call rate opened in the range of 4-4.50 per cent and dropped to 1-2 per cent during the day. Dealers feel that the call rates will remain easy for the rest of the week.
With the Reserve Bank mopping up dollars from the market on a regular basis, liquidity is easy, said a dealer.
Nationalised banks are not doing much trading since the year-end is approaching so it is mainly the foreign banks that are actively trading in the market, said a dealer with a private bank.
Trading in corporate debentures again reached a high during the day with the market witnessing total trades worth Rs 25.62 crore.
