Government bonds surge, call rate ends higher

Jan 15 2013, 01:45 IST
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The Reserve Bank of India purchased securities worth Rs 968.30 billion in 33 bids at the one-day repo auction The Reserve Bank of India purchased securities worth Rs 968.30 billion in 33 bids at the one-day repo auction
SummaryThe Government securities (G-Sec) surged on persistent demand from banks and corporates, while the call money rates ended higher at the overnight call money market here today owing to good demand from borrowing banks.

The Government securities (G-Sec) surged on persistent demand from banks and corporates, while the call money rates ended higher at the overnight call money market here today owing to good demand from borrowing banks.

The 8.15 per cent G-Sec maturing in 2022 shot up to Rs 102.29 from last Friday's level of Rs 101.8475, while its yield dropped to 7.80 per cent from 7.87 per cent.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 103.7425 from Rs 103.19, while its yield fell to 7.87 per cent from 7.94 per cent.

The 8.20 per cent G-Sec maturing in 2025 also rose sharply to Rs 102.74 from Rs 102.1475, while its yield dipped to 7.85 per cent from 7.93 per cent.

The 8.97 per cent G-Sec maturing in 2030, the 8.07 per cent maturing in 2017 and the 9.15 per cent maturing in 2024 were also quoted higher at Rs 109.75, Rs 101.1450 and Rs 108.8950, respectively.

The overnight call money rate finished higher at 8.00 per cent from 7.90 per cent previously. It moved in a range of 8.15 per cent and 7.95 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 968.30 billion in 33 bids at the one-day repo auction at a fixed rate of 8.00 per cent and sold securities worth Rs 0.10 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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