Government Bonds firms up on good demand, call rate ends lower

Dec 21 2012, 20:32 IST
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SummaryThe 8.33 per cent G-Sec maturing in 2026 edged up to Rs 100.7325 from Rs 100.72, while its yield held steady at 8.24 per cent.

The Government securities (G-Sec) firmed up on fresh demand from banks and corporates, while the call money rates finished lower at the overnight call money market here today due to lack of demand from borrowing banks.

The 8.15 per cent G-Sec maturing in 2022 moved up to Rs 100.04 from Rs 99.97 yesterday, while its yield inched down to 8.14 per cent from 8.15 per cent.

The 8.33 per cent G-Sec maturing in 2026 edged up to Rs 100.7325 from Rs 100.72, while its yield held steady at 8.24 per cent.

The 8.07 per cent G-Sec maturing in 2017 also rose to Rs 99.90 from Rs 99.8550, while its yield softened to 8.10 per cent from 8.11 per cent.

The 8.97 per cent G-Sec maturing in 2030, the 8.19 per cent maturing in 2020 and the 8.83 per cent maturing in 2041 also quoted higher at Rs 105.8950, Rs 100.05 and Rs 104.80, respectively.

The Overnight call money rate finished lower at 7.90 per cent from previous close of 8.05 per cent. It moved in a range of 8.15 per cent and 7.90 per cent and 3-days call-money rates also ended lower at 8.00 per cent from last Friday's close of 8.05 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,632.25 billion in 49 bids at the three-days repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 0.50 billion in one-bid at the 3-days reverse repo auction at a fixed rate of 7 per cent in the evening auction.

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