Bonds recover on good demand, call rate ends higher

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PTI: Mumbai, Jan 28 2013, 20:45 IST
The Government securities (G-Sec) recovered on good buying support from banks and corporates, while call money rates finished higher at the overnight call money market here today on good demand from borrowing banks.

The 8.33 per cent G-Sec maturing in 2026 surged to Rs 103.03 from Rs 102.88 previously, while its yield edged down to 7.96 per cent from 7.98 per cent.

The 8.15 per cent G-Sec maturing in 2022 climbed to Rs 101.86 from Rs 101.72, while its yield dipped at 7.86 per cent from 7.89 per cent.

The 8.20 per cent G-Sec maturing in 2025 also rose to Rs 101.9475 from Rs 101.8250, while its yield declined to 7.95 per cent from 7.97 per cent.

The 8.07 per cent G-Sec maturing in 2017, the 8.97 per cent maturing in 2030 and the 8.19 per cent maturing in 2020 also quoted higher at Rs 100.7325, Rs 108.5000 and Rs 101.2000 respectively.

The Overnight call money rate closed higher at 8.10 per cent from 7.90 per cent previously. It moved in a range of 8.10 per cent and 7.80 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,101.80 billion in 36 bids at the one-day repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 0.15 billion in one-bid at the 1-day reverse repo auction at a fixed rate of 7 per cent in the evening auction.

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