Indian Debt Market Summary
- The interbank call money rate ended at 6.50% on 28th September, level compared to 27th September.
- Gilt prices ended slightly higher on 28th September ahead of the release of the Centre’s borrowing calendar for the October-March period.
- The rupee’s gains against the US dollar ahead of the Centre’s announcement of the October-March borrowing plan aided sentiment.
- The yield of the 10 year benchmark 7.17% 2028 paper ended at 8.02% on 28th September as against 8.03% on 27th September.
Debt Market Watch Updates
| Debt Watch | 28 Sept | Week Ago | Month Ago | Year Ago |
|---|---|---|---|---|
| Call Rate | 6.50% | 6.30% | 6.40% | 5.80% |
| Repo | 6.50% | 6.50% | 6.50% | 6.00% |
| 10 Yr Gilt | 8.02% | 8.08% | 7.90% | 6.64% |
| 1-mth CP rate | 8.15% | 7.55% | 7.27% | 6.51% |
| 3-mth CP rate | 8.30% | 7.80% | 7.10% | 6.60% |
| 6-mth CP rate | 8.75% | 8.62% | 8.30% | 6.90% |
| 1 yr CP rate | 9.10% | 8.95% | 8.55% | 7.15% |
| 1-mth CD rate | 7.00% | 7.30% | 6.62% | 6.15% |
| 3-mth CD rate | 7.18% | 7.36% | 7.21% | 6.14% |
| 6-mth CD rate | 7.80% | 7.85% | 7.50% | 6.38% |
| 1 yr CD rate | 8.65% | 8.40% | 8.00% | 6.62% |
| Key announcements in the month | Release Date |
|---|---|
| US ADP Employment,September | October 3 |
| US Durable Goods Orders,August | October 4 |
| UK Non-Farm Payrolls, September | October 5 |
Auctions/ Money market operations
| Date | Description | Amount (Rs Cr) |
|---|---|---|
| September 28 | G-sec auction | 8,185 (Allotted) |
| September 27 | Total repo | 1,92,243 (outstanding) |
| September 27 | Total reverse repo | 1,46,541 (outstanding) |
| September 27 | Marginal Standing Facility | 81 |
| September 27 | GOI Surplus Cash Balance with RBI | 30,300 |
| Yield (%) | G-Sec | AAA | AA+ | AA | AA- | A+ |
|---|---|---|---|---|---|---|
| 6 Month | 7.40 | 8.80 | 8.97 | 9.22 | 9.36 | 9.62 |
| 1 Year | 7.83 | 9.04 | 9.27 | 9.56 | 9.71 | 9.95 |
| 3 Year | 8.01 | 9.05 | 9.28 | 9.64 | 9.92 | 10.21 |
| 5 Year | 8.19 | 8.90 | 9.13 | 9.45 | 9.78 | 10.17 |
| 10 Year | 8.07 | 8.90 | 9.26 | 9.65 | 10.11 | 10.55 |
G-sec and corporate bonds data as of Sept 26
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: 30th September 2018
Next Update: 15th October 2018
Update Frequency: Once Every Fortnight
Archives
- 15 July 2019
- 28 June 2019
- 14 June 2019
- 29 May 2019
- 15 May 2019
- 30 April 2019
- 15 April 2019
- 29 March 2019
- 14 March 2019
- 28 February 2019
- 15 February 2019
- 31 January 2019
- 15 January 2019
- 31 December 2018
- 15 December 2018
- 30 November 2018
- 15 November 2018
- 31 July 2018
- 15 October 2018
- 15 September 2018
- 31 August 2018
- 31 October 2018
- 30 September 2018
- 15 August 2018
