Indian Debt Market Summary

  • The interbank call money rate ended at 6.20% on 15th February as against 6.40% on 14th
  • Gilt prices ended lower on 15th February as a rise in crude oil prices dampened demand for debt.
  • The yield of the 10-year benchmark 7.17% 2028 paper ended at 7.58% on 15th February as against 7.52% on 14th The yield of the 10-year 7.26% 2029 paper ended at 7.36% on 15th February as against 7.33% on 14th February.

Debt Market Watch Updates

Debt Watch15 FebWeek AgoMonth AgoYear Ago
Call Rate6.20%6.35%6.40%5.80%
10 Yr Gilt7.58%7.53%7.47%7.57%
1-mth CP rate7.00%6.90%7.10%6.90%
3-mth CP rate7.60%7.60%7.85%7.92%
6-mth CP rate8.35%8.20%8.50%8.00%
1 yr CP rate8.65%8.55%8.65%8.20%
1-mth CD rate6.45%6.40%6.70%6.90%
3-mth CD rate7.21%7.10%7.30%7.18%
6-mth CD rate7.45%7.50%7.60%8.00%
1 yr CD rate7.72%7.80%7.75%7.44%
Key announcements in the monthRelease Date
US Housing Starts, JanuaryFebruary 20
US Leading Index, JanuaryFebruary 21
US GDP, Q4 2018February 28

Auctions/ Money market operations

DateDescriptionAmount (Rs Cr)
February 15G-sec auction10,334 (Allotted)
February 14Total repo1,43,263 (outstanding)
February 14Total reverse repo54,449 (outstanding)
February 14Marginal Standing Facility1005
February 14GOI Surplus Cash Balance with RBI0
Yield (%)G-SecAAAAA+AAAA-A+
6 Month6.397.657.828.078.218.47
1 Year6.557.798.028.318.468.70
3 Year6.838.008.198.558.839.12
5 Year7.178.148.418.779.069.45
10 Year7.588.608.969.359.8110.15

G-sec and corporate bonds data as of Feb 15

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: 7.35% CGL 2024; 10 year G-Sec: 7.17% GS 2028

Last Updated: 15th February 2019

Next Update: 28th February 2019

Update Frequency: Once Every Fortnight