Government bonds rise on good buying, call rate end lower

Nov 02 2012, 01:31 IST
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SummaryThe Government securities (G-Sec) rose on good buying support from banks and corporates, while call money rate ended lower at the overnight call money market here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system.

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

The 8.15 per cent G-Sec maturing in 2022 surged to Rs 99.7200 from Rs 99.5625 yesterday, while its yield dropped to 8.19 per cent from 8.21 per cent.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 100.3150 from Rs 100.2250, while its yield inched down at 8.29 per cent from 8.30 per cent.

The 8.19 per cent G-Sec maturing in 2020 also rose to Rs 99.7650 from Rs 99.6200, while its yield declined to 8.23 per cent from 8.26 per cent.

The 8.97 per cent G-Sec maturing in 2030, the 7.83 per cent maturing in 2018 and the 8.07 per cent maturing in 2017 also quoted higher at Rs 105.3600, Rs 98.1700 and Rs 99.6850 respectively.

The Overnight call money rate closed lower at 8.00 per cent from 8.15 per cent yesterday. It moved in a range of 8.10 per cent and 7.90 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 741.25 billion in 29 bids at the one-day repo auction at a fixed rate of 8.00 per cent.

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