1. Bonds gains, call rates remains lower

Bonds gains, call rates remains lower

Government bonds (G-Secs) gained further on sustained demand from banks and corporates, while, the interbank call money rates remained lower due to lack of demand from borrowing banks amid adequate liquidity in the banking system.

By: | Mumbai | Published: March 3, 2017 7:32 PM
Bond gains, Government bonds, Reserve Bank of India,  Liquidity Adjustment Facility, Interbank The 7.59 per cent government security maturing in 2026 rose to Rs 104.05 from Rs 103.43 previously, while its yield fell to 6.97 per cent from 7.06 per cent.(PTI)

Government bonds (G-Secs) gained further on sustained demand from banks and corporates, while, the interbank call money rates remained lower due to lack of demand from borrowing banks amid adequate liquidity in the banking system. The 7.59 per cent government security maturing in 2026 rose to Rs 104.05 from Rs 103.43 previously, while its yield fell to 6.97 per cent from 7.06 per cent.

The 6.97 per cent government security maturing in 2026 climbed to Rs 101.3775 from Rs 100.96, while its yield declined to 6.77 per cent from 6.83 per cent.

The 7.61 per cent government security maturing in 2030 also gained to Rs 102.81 from Rs 102.3975, while its yield dipped to 7.27 per cent from 7.32 per cent.

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The 7.68 percent government security maturing in 2023, the 6.79 per cent government security maturing in 2029 and the 8.15 per cent government security maturing 2026 were also quoted higher at Rs 103.25, Rs 96.84 and Rs 105.43, respectively.

The overnight call money rates ended lower to 5.75 per cent from Thursday’s level of 5.75 per cent. Its resumed higher at 6.10 per cent and moved in a range of 6.10 per cent and 5.50 per cent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 124.28 billion in 42-bids at the 1-day reverse repo operations at a fixed rate of 5.75 per cent as on March 02, while it sold securities worth Rs 9.05 billion in 3-bids at the overnight 3-days repo operation at a fixed rate of 6.25 percent as on today.

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