Government bonds rise on fresh buying, call rate ends lower

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PTI: Mumbai, Jan 17 2013, 20:08 IST

The Government securities (G-Sec) rose on fresh demand 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 amidst ample liquidity in banking system.

The 8.33 per cent G-Sec maturing in 2026 rose to Rs 103.37 from Rs 103.06 yesterday, while its yield declined to 7.92 per cent from 7.96 per cent.

The 8.15 per cent G-Sec maturing in 2022 firmed up to Rs 102.04 from Rs 101.75, while its yield eased to 7.84 per cent from 7.88 per cent.

The 8.20 per cent G-Sec maturing in 2025 also shot up to Rs 102.3350 from Rs 102.09, while its yield moved down to 7.90 per cent from 7.93 per cent.

The 8.07 per cent G-Sec maturing in 2017, the 8.19 per cent maturing in 2020 and the 8.97 per cent maturing in 2030 were also quoted higher at Rs 100.8950, Rs 101.3425 and Rs 109.0150 respectively.

The Overnight call money rate finished lower at 8.15 per cent from previous closing of 8.20 per cent. It moved in a range of 8.20 per cent and 7.95 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 936.90 billion in 30 bids at the one-day repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 0.05 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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