Indian Debt Market Summary

  • The interbank call money rate ended at 6.30% on 14th September, steady compared to 12th September.
  • Gilt prices erased intraday gains and ended flat as market players trimmed positions ahead of the weekend.
  • Intraday, prices rose tracking the rupee’s gains against the greenback and an overnight decline in crude oil prices.
  • The yield of the 10 year benchmark 7.17% 2028 paper ended at 8.13% on 14th September, steady compared to 12th September.

Debt Market Watch Updates

Debt Watch14 SeptWeek AgoMonth AgoYear Ago
Call Rate6.30%6.35%6.25%5.78%
10 Yr Gilt8.13%7.03%7.82%6.59%
1-mth CP rate7.55%7.55%7.10%6.51%
3-mth CP rate8.00%7.75%7.74%6.70%
6-mth CP rate8.50%8.30%8.15%6.85%
1 yr CP rate8.95%8.55%8.55%7.10%
1-mth CD rate7.10%6.98%6.50%6.12%
3-mth CD rate7.41%7.16%7.10%6.13%
6-mth CD rate7.85%7.53%7.42%6.30%
1 yr CD rate8.33%8.10%7.95%6.48%
Key announcements in the monthRelease Date
Bank of Japan Rate DecisionSeptember 19
US Existing Home Sales,AugustSeptember 20
UK Retail Sales, AugustSeptember 20

Auctions/ Money market operations

DateDescriptionAmount (Rs Cr)
September 7G-sec auction12,000 (Allotted)
September 13Total repo75,966 (outstanding)
September 13Total reverse repo76,236 (outstanding)
September 13Marginal Standing Facility1,044
September 12GOI Surplus Cash Balance with RBI0
Yield (%)G-SecAAAAA+AAAA-A+
6 Month7.
1 Year7.828.538.709.059.209.44
3 Year8.118.819.049.439.689.97
5 Year8.198.909.139.459.7810.17
10 Year8.138.889.249.6310.0910.43

G-sec and corporate bonds data as of Sept 12

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: 15th September 2018

Next Update: 30th September 2018

Update Frequency: Once Every Fortnight