Indian Debt Market Summary
- The inter-bank call money rate ended at 6.30% on 30th August, steady compared to 29th August.
- Gilt prices ended down on 30th August, tracking fall in the rupee and as rise in crude oil prices raised inflationary worries.
- The yield of the 10 year benchmark 7.17% 2028 paper ended at 7.93% on 30th August as against 7.92% on 29th August.
Debt Market Watch Updates
| Debt Watch | 30 Aug | Week Ago | Month Ago | Year Ago |
|---|---|---|---|---|
| Call Rate | 6.30% | 6.35% | 6.20% | 5.80% |
| Repo | 6.50% | 6.50% | 6.25% | 6.00% |
| 10 Yr Gilt | 7.93% | 7.88% | 7.79% | 6.54% |
| 1-mth CP rate | 7.15% | 7.15% | 7.65% | 6.38% |
| 3-mth CP rate | 7.78% | 7.85% | 8.05% | 6.53% |
| 6-mth CP rate | 8.30% | 8.10% | 8.38% | 6.85% |
| 1 yr CP rate | 8.55% | 8.55% | 8.50% | 7.00% |
| 1-mth CD rate | 6.62% | 6.63% | 6.85% | 6.03% |
| 3-mth CD rate | 7.19% | 7.17% | 7.16% | 6.16% |
| 6-mth CD rate | 7.50% | 7.47% | 7.47% | 6.34% |
| 1 yr CD rate | 8.05% | 8.00% | 7.96% | 6.47% |
| Key announcements in the month | Release Date |
|---|---|
| Eurozone Customer Prices, August | August 31 |
| Indian GDP,Q1,FY | August 31 |
Auctions/ Money market operations
| Date | Description | Amount (Rs Cr) |
|---|---|---|
| August 31 | G-sec auction | 12,000 (Notified) |
| August 29 | Total repo | 69,714 (outstanding) |
| August 29 | Total reverse repo | 55,485(outstanding) |
| August 29 | Marginal Standing Facility | 200 |
| August 29 | GOI Surplus Cash Balance with RBI | 0 |
| Yield (%) | G-Sec | AAA | AA+ | AA | AA- | A+ |
|---|---|---|---|---|---|---|
| 6 Month | 7.00 | 7.70 | 7.87 | 8.12 | 8.26 | 8.52 |
| 1 Year | 7.33 | 8.18 | 8.41 | 8.70 | 8.85 | 9.09 |
| 3 Year | 7.75 | 8.52 | 8.82 | 9.14 | 9.39 | 9.69 |
| 5 Year | 7.96 | 8.62 | 8.85 | 9.17 | 9.50 | 9.89 |
| 10 Year | 7.90 | 8.64 | 9.00 | 9.39 | 9.85 | 10.19 |
G-sec and corporate bonds data as of Aug 28
6 month G-sec: 182 day T-Bill rate; 1 year G-Sec: 6.35% CGL 2020; 3 year G-Sec: 7.80% CGL 2021; 5 year G-Sec: 7.37% CGL 2023; 10 year G-Sec: 7.17% GS 2028
Last Updated: 31st August 2018
Next Update: 15th September 2018
Update Frequency : Once Every Fortnight
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