Government bonds remain higher on consistent demand, call rate ends steady

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SummaryThe Government securities (G-Sec) remained higher on consistent demand from banks and corporates, while the call money rates at the overnight call money market finished stable as demand from borrowing bank matched supplies.

The Government securities (G-Sec) remained higher on consistent demand from banks and corporates, while the call money rates at the overnight call money market finished stable as demand from borrowing bank matched supplies.

The 8.15 per cent G-Sec maturing in 2022 moved up to Rs 101.0150 from yesterday's level of Rs 101.01, while its yield held steady at 7.99 per cent.

The 8.33 per cent G-Sec maturing in 2026 hardened to Rs 101.9650 from Rs 101.94, while its yield held steady at 8.09 per cent.

The 8.20 per cent G-Sec maturing in 2025 also firmed up to Rs 100.9950 from Rs 100.9450, while its yield edged down to 8.07 per cent from 8.08 per cent.

The 8.07 per cent G-Sec maturing in 2017-Jul, the 8.97 per cent maturing in 2030 and the 9.15 per cent maturing in 2024 was also quoted higher at Rs 107.4700, Rs 107.5000 and Rs 107.50 respectively.

The Overnight call money rate closed steady at 8.00 per cent. It moved in a range of 8.20 per cent and 7.90 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 986.30 billion in 38 bids at the one-day repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 12.70 billion in two-bids at the 1-day reverse repo auction at a fixed rate of 7 per cent in the evening auction.

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