Bonds close mixed, call rate ends lower

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SummaryThe government securities closed mixed on alternate bouts of buying and selling, while call money rates at the overnight money market finished lower due to lack of demand from borrowing banks.

The government securities (G-Sec) closed mixed on alternate bouts of buying and selling, while call money rates at the overnight money market finished lower due to lack of demand from borrowing banks.

The 8.15 per cent G-Sec maturing in 2022 rose to Rs 101.97 from Rs 101.86 yesterday, while its yield inched down by 7.85 per cent from 7.86 per cent.

The 8.97 per cent G-sec maturing in 2030 moved up to Rs 108.5200 from Rs 108.5000, while its yield held steady at 8.06 per cent.

However, the 8.33 per cent G-sec maturing in 2026 eased to Rs 103.00 from Rs 103.03, while its yield held stable at 7.96 per cent.

The 8.20 per cent G-sec maturing in 2025 declined to Rs 101.9300 from Rs 101.9475, while its yield also remain steady at 7.95 per cent.

The overnight call money rate finished lower at 8.00 per cent from previous closing level of 8.10 per cent. It moved in a range of 8.10 per cent and 7.60 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility purchased securities worth Rs 913.10 billion in 31 bids at the one-day repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 0.05 billion in one-bid at the 1-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.

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