Govt bonds recover on good demand, call rate ends lower

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PTI: Mumbai, Mar 08 2013, 21:29 IST
The Government securities (G-Sec) rose on good buying support 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 amidst ample liquidity in the system.

The 8.15 per cent G-Sec maturing in 2022 shot up to Rs 101.99 from Rs 101.85 previously, while its yield edged down to 7.84 per cent from 7.86 per cent.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 103.1875 from Rs 103.0750, while its yield inched down to 7.94 per cent from 7.95 per cent.

The 8.20 per cent G-Sec maturing in 2025 also surged Rs 102.11 from Rs 101.98, while its yield eased to 7.93 per cent from 7.95 per cent.

The 8.07 per cent G-Sec maturing in 2017, the 8.12 per cent maturing in 2020 and the 8.97 per cent maturing in 2030 were also quoted higher at Rs 100.8550, Rs 101.6950 and Rs 107.9625, respectively.

The Overnight call money rate finished lower at 7.25 per cent from previous close of 7.85 per cent. It moved in a range of 7.85 per cent and 7.25 per cent, while the 3-days money rate closed higher at 7.70 per cent from last Friday's close of 7.50 per cent. It moved in a range of 7.85 per cent and 7.65 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 493.50 billion in 25-bids at the 3-days repo auction at a fixed rate of

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