Indian Debt Market Summary

  • The interbank call money rate ended at 6.30% on 15th November, flat compared to 14h
  • Gilts ended lower on 15th November on profit sales.
  • Crude oil prices which inched higher overnight also put some pressure on bonds.
  • The yield of the 10 year benchmark 7.17% 2028 paper ended at 7.76% on 15th November as against 7.73% on 14th

Debt Market Watch Updates

Debt Watch15 NovWeek AgoMonth AgoYear Ago
Call Rate6.30%6.40%6.25%5.85%
10 Yr Gilt7.76%7.80%7.92%7.02%
1-mth CP rate7.74%7.75%7.75%6.50%
3-mth CP rate7.85%8.41%8.40%6.75%
6-mth CP rate9.12%9.15%9.05%7.20%
1 yr CP rate9.22%9.30%9.20%7.30%
1-mth CD rate6.80%7.00%6.75%6.50%
3-mth CD rate7.25%7.45%7.40%6.18%
6-mth CD rate8.25%8.32%8.30%7.20%
1 yr CD rate8.35%8.50%8.50%6.58%
Key announcements in the monthRelease Date
US Industrial Production, OctoberNovember 16
US Durable Goods Orders, OctoberNovember 21
US Manufacturing PMI, NovemberNovember 23

Auctions/ Money market operations

DateDescriptionAmount (Rs Cr)
November 16G-sec auction12,000 (Notified)
November 14Total repo1,37,270 (outstanding)
November 14Total reverse repo28,281 (outstanding)
November 14Marginal Standing Facility20
November 14GOI Surplus Cash Balance with RBI0
Yield (%)G-SecAAAAA+AAAA-A+
6 Month7.128.408.578.828.969.22
1 Year7.338.498.729.019.169.40
3 Year7.498.588.819.179.459.74
5 Year7.588.708.939.299.589.97
10 Year7.768.689.049.439.8910.23

G-sec and corporate bonds data as of Nov 15

6 month G-sec: 182 day T-Bill rate; 1 year G-Sec: 6.35% CGL 2020; 3 year G-Sec: 8.20% CGL 2022; 5 year G-Sec: 8.83% CGL 2023; 10 year G-Sec: 7.17% GS 2028

Last Updated: 15th November 2018

Next Update: 30th November 2018

Update Frequency: Once Every Fortnight