Government bonds rise on good buying, call rate reacts downwards

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Agencies: Mumbai, Nov 30 2012, 21:37 IST
The Government securities (G-Sec) rose on fresh buying support from banks and corporates, while the call money rates reacted downward at the overnight call money market here today owing to lack of demand from borrowing banks.

The 8.15 per cent G-Sec maturing in 2022 surged to Rs 99.8325 from Rs 99.6325 yesterday, while its yield moved down to 8.18 per cent from 8.21 per cent.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 100.37 from Rs 100.0350, while its yield went down to 8.28 per cent from 8.33 per cent.

The 8.20 per cent G-Sec maturing in 2025 also shot up to Rs 99.22 from Rs 98.92, while its yield declined to 8.30 per cent from 8.34 per cent.

The 8.19 per cent G-Sec maturing in 2020, the 8.07 per cent maturing in 2017 and the 8.97 per cent maturing in 2030 also quoted higher at Rs 99.98, Rs 99.66 and Rs 105.35, respectively.

The Overnight call money rate ended lower at 8.00 per cent from its yesterday's close of 8.05 per cent. It moved in a range of 8.00 per cent and 7.90 per cent.

The three-day call money rate also slipped at 8.05 per cent from 8.10 per cent last Friday. It moved in a range of 8.15 per cent and 7.90 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 548.00 billion in 34 bids at the three-days repo auction at a fixed rate of 8.00 per cent, while sold securities worth

... contd.

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