Indian Debt Market Summary

  • The interbank call money rate ended at 6.45% on 14th January as against 6.30% on 11th
  • Gilt ended sharply higher on 14th January as sentiment was aided by anticipation of favorable consumer inflation figures.
  • The yield of the 10 year benchmark 7.17% 2028 paper ended at 7.43% on 14th January as against 7.50% on 11th
  • The yield of the new 10 year 7.26% 2029 paper settled at 7.22% on 14th January as against 7.26% on 11th

Debt Market Watch Updates

Debt Watch14 JanWeek AgoMonth AgoYear Ago
Call Rate6.45%6.30%6.35%5.95%
10 Yr Gilt7.43%7.51%7.44%7.46%
1-mth CP rate7.10%7.10%7.16%6.75%
3-mth CP rate7.85%8.00%7.25%7.50%
6-mth CP rate8.50%8.60%8.60%7.90%
1 yr CP rate8.65%8.75%9.00%8.00%
1-mth CD rate6.70%6.75%6.80%6.75%
3-mth CD rate7.30%7.35%6.95%6.87%
6-mth CD rate7.60%7.75%7.90%7.90%
1 yr CD rate7.75%7.89%8.15%7.30%
Key announcements in the monthRelease Date
US Retail Sales, DecemberJanuary 16
US Housing Starts, DecemberJanuary 17
UK Retail Sales, DecemberJanuary 18

Auctions/ Money market operations

DateDescriptionAmount (Rs Cr)
January 18G-sec auction12,000 (Notified)
January 11Total repo1,04,854 (outstanding)
January 11Total reverse repo94,269 (outstanding)
January 11Marginal Standing Facility213
January 11GOI Surplus Cash Balance with RBI0
Yield (%)G-SecAAAAA+AAAA-A+
6 Month6.727.757.928.178.318.57
1 Year6.817.958.188.478.628.86
3 Year7.
5 Year7.268.208.438.799.089.47
10 Year7.438.408.769.159.619.95

G-sec and corporate bonds data as of Jan 14

6 month G-sec: 182 day T-Bill rate; 1 year G-Sec: 6.65% CGL 2020; 3 year G-Sec: 8.79% CGL 2021; 5 year G-Sec: 7.68% CGL 2023; 10 year G-Sec: 7.17% GS 2028

Last Updated: 15th January 2019

Next Update: 31st January 2019

Update Frequency: Once Every Fortnight