DAILY MONEY MARKET COMMENTS: Today morning the money market rates were indicated between the bids and offer range of 0.75% - 2.00%. Few repo deals were seen at the level of 1.00%. As the day progressed, the gap between bids and offers narrowed down and the first repo deal was witnessed at the level of 1.00%. Most of the overnight repo deals were done in between 1.00% - 1.50%. There are very few banks who borrowed in overnight repo at 1.00%. However in clean & call placements the overnight interest rates were 2.00% - 2.50%. As the end of the day the interbank overnight rates were closed at 1.00% - 1.50%. Keeping in view today's money market we believe that tomorrow money market rates will remain on the same level since there is no inflow or outflow from the market.
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Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 0.75 1.25 1.75 2.00 1.44
1-Week 2.75 3.00 3.00 3.50 3.06
2-Week 3.00 3.25 3.75 4.00 3.50
1-Month 4.25 4.50 4.75 5.00 4.63
2-Months 4.30 4.60 4.75 5.10 4.69
3-Months 4.50 4.75 4.75 5.25 4.81
4-Months 4.50 4.90 5.00 5.50 4.98
5-Months 4.40 5.00 5.10 5.50 5.00
6-Months 4.60 4.80 5.25 5.60 5.06
9-Months 4.75 5.25 5.50 6.00 5.38
1-Year 5.25 5.50 6.00 6.25 5.75
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Call Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 1.00 1.50 2.00 3.00 1.88
1-Week 3.00 3.25 3.25 3.50 3.25
2-Week 3.25 3.50 3.75 4.00 3.63
1-Month 4.50 4.75 4.75 5.00 4.75
2-Month 4.50 4.75 4.90 5.20 4.84
3-Month 4.75 5.25 5.25 5.75 5.25
4-Month 4.80 5.20 5.50 5.90 5.35
5-Month 5.00 5.50 5.75 6.00 5.56
6-Month 5.25 5.50 6.00 6.60 5.84
9-Month 5.75 6.25 6.50 7.00 6.38
1-Year 5.75 6.00 6.80 7.20 6.44
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 5.25 5.50
0.6-1.0 Years 5.50 5.90
1.1-1.5 Years 5.75 6.10
1.6-2.0 Years 6.20 6.30
2.1-2.5 Years 6.35 6.50
2.6-3.0 Years 6.50 6.60
3.1-3.5 Years 6.80 7.10
3.6-4.0 Years 7.15 7.25
4.1-4.5 Years 7.25 7.40
4.6-5.0 Years 7.45 7.60
5.6-6.0 Years 7.90 8.00
6.1-6.5 Years 8.00 8.10
6.6-7.0 Years 8.10 8.20
7.1-7.5 Years 8.15 8.20
7.6-8.0 Years 8.15 8.20
8.1-8.5 Years 8.15 8.30
8.6-9.0 Years 8.20 8.30
9.1-9.5 Years 8.25 8.35
9.6-10.0 Year 8.30 8.40
15 Years 9.15 9.30
20 Years 10.15 10.30
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 5.50 5.75
0.6-1.0 Years 5.75 5.90
1.1-1.5 Years 6.00 6.25
1.6-2.0 Years 6.40 6.70
2.1-2.5 Years 6.50 6.75
2.6-3.0 Years 6.70 6.90
3.1-3.5 Years 7.00 7.25
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 5.50 6.00
03 Months 6.25 7.00
06 Months 6.75 7.50
12 Months 7.25 8.00
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T-Bill Secondary Market Data
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3 Months, 6 Months &
12 Months Instruments
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Days to Maturity Yield Range %
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0-7 Days 3.05-3.15
8-15 Days 3.70-3.90
16-30 Days 4.10-4.25
31-60 Days 4.50-4.60
61-90 Days 4.60-4.70
91-120 Days 4.80-4.90
121-180 Days 5.00-5.10
181-270 Days 5.10-5.25
271-365 Days 5.30-5.35
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Kerb Market FX Rate
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Currency Bid Offer
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USD 59.60 59.65
EUR 77.70 78.00
GBP 112.70 113.00
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