Money, G-Secs and Forex Markets: Developments in October 2006

In October, short-term rates in the money market were volatile and generally higher vis-à-vis September. In the G-Secs market, the government reissued two securities during the month - 7.59 per cent 2016 and 8.33 per cent 2036 for an aggregate amount of Rs 9,000 crore. The inter-bank forex market witnessed an increase in volume by about 9 per cent to US $ 129 billion.