Government bonds remain lower, call rate ends higher

Comments print
Agencies: Mumbai , Oct 31 2012, 20:19 IST
The government bonds dropped on continued selling pressure 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 8.15 per cent government security maturing in 2022 dipped to Rs 99.5625 from 99.7750 yesterday, while its yield rose to 8.21 per cent from 8.18 per cent.

The 8.33 per cent government security maturing in 2026 fell to Rs 100.2250 from Rs. 100.54, while its yield surged 8.30 per cent from 8.26 per cent.

The 8.19 per cent government security maturing in 2020 plunged to Rs 99.6200 from Rs 99.8250 while its yield gained to 8.26 per cent from 8.22 per cent.

The 8.07 per cent government security maturing in 2017, the 7.83 per cent government security maturing in 2018 and the 8.20 per cent government security maturing in 2025 were also quoted lower at Rs 99.5600, Rs 98.11 and Rs 99.48 respectively.

The call money rate finished higher at 8.15 per cent from 8.05 per cent yesterday, it moved in a range of 8.15 per cent and 8.00 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 961.60 billion from 40 bids at the one-day repo auction at a fixed rate of 8 per cent.

Ads by Google
   
Previous Story  Eavesdropper Next Story  Educating technology
Reader's Comments| Post a Comment

Be the first to comment.

Post your Comment

Your email address will not be published. Required fields are marked *

Name *
Email *
Message *
 
captcha
please enter the above characters in the box below