Yields rise to 7
时间:2024-06-26 12:51:26 阅读(143)
Bond yields went up to 7.312% on Thursday, a level last seen on August 8. Dealers said the markets were somewhat nervous after the US Fed hiked the funds rate by 75 bps and sounded more hawkish than expected.
The Reserve Bank of India (RBI) meets next week to review the monetary policy. The markets are expecting a 50-bps hike in the repo which would take it to 5.9% from 5.4% at present. The central bank’s commentary on liquidity is keenly awaited given that the banking system liquidity has slipped into a deficit.
Meanwhile, the RBI received bids worth Rs 94,267 crore for the overnight variable rate repo auction on Thursday, nearly twice the notified amount of Rs 50,000 crore. The cut-off rate was 5.58%, a little lower than the Marginal Standing Facility (MSF) rate of 5.65%.The auction was ostensibly aimed at helping ease the liquidity deficit which had gone up to Rs 21,873 on Tuesday.
On Wednesday the net injection of funds was much smaller at Rs 11,886.4 crore. The weighted call money rate which had gone up to 5.64% on Tuesday, remained steady on Wednesday. The money supply data from the central bank revealed that currency with the public stood at Rs 2.3 trillion as on September 9, up 8% year-on-year.
猜你喜欢
- Reliance Industries share price at record high, mcap over Rs 19 lakh crore; should you buy, sell or hold-
- FII buying trends in India- With current resilience in domestic, global markets, will buying sustain-
- Retail onion price up 57 pc; Centre steps up buffer onion sale to provide relief to consumers
- F&O expiry- Nifty to trade flat-to-negative, use Long Strangle strategy for gains; Bank Nifty support at 34000
- F&O weekly expiry- Nifty to trade in 16400-16800 range, Bank Nifty may remain cautious; check trading strategy
- Tax incentives unlikely for sovereign green bonds
- Strong earthquake in northwest China that killed at least 148 causes economic losses worth millions
- Reliance Industries, HCL Technologies, Tata Communications, CRISIL, TVS Motor Company stocks in focus
- FII DII data- FPI sold shares worth Rs 2109