>DEBT MARKET (INDIA INFOLINE

WEEKLY UPDATE

• The 10-year G-Sec bond yield ended at 7.30%, up by 6bps higher from last week. Short term paper yields witnessed a decline on a weekly basis. 1-year and 2-year G-Sec traded at 6.07% and 5.64% respectively.

• Central bank absorbed the excess cash worth Rs 129bn from the commercial banks via reverse repo window through LAF. Calll rate ended at 3.23%, down by 2bps on a weekly basis due to continued excess liquidity.

• RBI announced auctions for Rs120bn of dated securities for September 4 '09. This includes 6.49% GOI 2015 for Rs50bn, 6.90% GOI 2019 for Rs 50bn and 8.24% GOI 2027 for Rs 20bn.

To see full report: DEBT MARKET