Bonds end mixed, Call rates finished lower

By: | Published: July 20, 2017 6:54 PM

Government bonds (G-Secs) ended mixed in a quiet trade due to alternate bouts of buying and selling.

RBI, Reserve Bank of India, Government Security, Indian Banking System, LAF, Financial ExpressWhile call money rates ended lower due to lack of demand from borrowing banks amidst comfortable liquidity situation in the banking system. (Reuters)

Government bonds (G-Secs) ended mixed in a quiet trade due to alternate bouts of buying and selling. While call money rates ended lower due to lack of demand from borrowing banks amidst comfortable liquidity situation in the banking system. The 6.79 per cent government security maturing in 2029 were declined to Rs 100.42 from Rs 100.56, while its yield edged up to 6.74 per cent from 6.72 per cent. The 6.79 per cent government security maturing in 2027 were slid to Rs 102.4125 from Rs 102.4425, while its yield held stable to 6.45 per cent. The 6.97 per cent government security maturing in 2026 were weakened to Rs 102.0925 from Rs 102.1425, while its yield inched up to 6.66 per cent from 6.65 per cent.

However, the 7.80 per cent government security maturing in 2020 and the 7.35 per cent government security maturing in 2024 were quoted higher to Rs 103.3375 and Rs 103.3075 respectively.The overnight call money rates edged down to 6.01 per cent from Wednesday’s closing level 6.10 per cent. It’s resumed higher to 6.25 per cent and moved in a range of 6.25 per cent and 6.01 per cent. Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 19.75 billion in 3-bids at the overnight repo operations at a fixed rate of 6.25 per cent as on today, while it sold securities worth Rs 42.84 billion in 33-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on July 19.

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