Repo rate Interbank market near midday on Wednesday, picked up the first trading day after the holiday needs to reproduce. 7 days weighted average interest rate repurchase date reported 4.04% over the previous closing up 77 basis points; overnight repurchase 3.82% weighted average interest rate was reported, up 44 basis points. Dealers said that with the end of the Spring Festival holiday, the market resumed trading, capital demand for the two trading days from before the last downturn in the recovery, repo rate steady rebound. The central bank to raise interest rates also play a certain price of capital. The central bank announced on February 8, starting from February 9 to benchmark deposit and lending rates by 0.25 percentage points each. Traders expect further recovery as demand, short-term repo rate rise is still space. 1-year central bank bills rose 6.20 basis points in yield to 3.5320 percent; 3-month Shibor rose 8.62 basis points to 5.7299 percent.
(This article Source: Global Exchange Network)
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