Government securities remain bullish, call rates ends lower

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SummaryThe Government securities (G-Sec) remained bullish on persistant 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.

The Government securities (G-Sec) remained bullish on persistant 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.

The 8.20 per cent G-Sec maturing in 2025 surged to Rs 101.98 from Rs 101.6525 yesterday, while its yield moved down to 7.95 per cent from 7.99 per cent.

The 8.33 per cent G-Sec maturing in 2026 shot up to Rs 103.07 from Rs 102.7550, while its yield declined by 7.95 per cent from 7.99 per cent.

The 8.15 per cent G-Sec maturing in 2022 also climbed to Rs 101.76 from Rs 101.5650, while its yield eased to 7.88 per cent from 7.91 per cent.

The 8.07 per cent G-Sec maturing in 2017, the 8.97 per cent maturing in 2030 and the 8.19 per cent maturing in 2020 also quoted higher at Rs 100.6950, Rs 108.50 and Rs 101.12 respectively.

The Overnight call money rate finished lower at 7.50 per cent from yesterday close of 7.90 per cent. It moved in a range of 7.95 per cent and 7.50 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,169.80 billion in 41 bids at the 1-day repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 32.10 billion in four-bids at the 1-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.

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