Government securities remains firm on sustained demand, call rate recovers

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PTI: Mumbai, Jan 07 2013, 19:42 IST

Government securities (G-Sec) rose further on sustained buying support from banks and corporates, while the call money rates recovered at the overnight call money market here today due to fresh demand from borrowing banks.

The 8.15 per cent G-Sec maturing in 2022 shot up to Rs 101.63 from last Friday's level of Rs 101.4275, while its yield moved down to 7.90 per cent from 7.93 per cent.

The 8.20 per cent G-Sec maturing in 2025 also hardened to Rs 101.83 from Rs 101.60, while its yield eased to 7.97 per cent from 7.99 per cent.

The 8.97 per cent G-Sec maturing in 2030 strengthened to Rs 108.5825 from Rs 108.0725, while its yield declined to 8.06 per cent from 8.11 per cent.

The 8.19 per cent G-Sec maturing in 2020, the 9.15 per cent maturing in 2024 and the 8.83 per cent maturing in 2041 were also quoted higher at Rs 101.2975, Rs 108.05 and Rs 108.10, respectively.

The Overnight call money rate finished higher at 8.05 per cent from last weekend's close of 7.80 per cent. It moved in a range of 8.15 per cent and 7.85 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 719.85 billion in 29 bids at the one-day repo auction at a fixed rate of 8.00 per cent.

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