Bonds recover on good demand, call rate ends lower

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SummaryGovernment securities (G-Sec) rose on good buying support from banks and corporates.

The Government securities (G-Sec) rose on good buying support from banks and corporates, while the call money rates ended lower at the overnight call money market here today due to lack of demand from borrowing banks amid ample liquidity in the banking system.

The 8.15 per cent G-Sec maturing in 2022 surge to Rs 102.27 from Rs 102.19 yesterday, while its yield inched-down to 7.80 per cent from 7.81 per cent.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 103.58 from Rs 103.53, while its yield edged down to 7.89 per cent from 7.90 per cent.

The 8.20 per cent G-Sec maturing in 2025 also gained Rs 102.4775 from Rs 102.4275, while its yield eased to 7.88 per cent from 7.89 per cent.

The 8.07 per cent G-Sec maturing in 2017, the 8.12 per cent maturing in 2020 and the 8.97 per cent maturing in 2030 were also quoted higher at Rs 100.9250, Rs 101.70 and Rs 108.83, respectively.

The Overnight call money rate finished lower at 7.80 per cent from yesterday close of 8.00 per cent. It moved in a range of 7.90 per cent and 7.50 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 741.40 billion in 35-bids at the 3-days repo auction at a fixed rate of 7.75 per cent.

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