Government bonds end mixed, call rates finish lower

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Mumbai | Published: March 16, 2017 6:12:03 PM

Government bonds (G-Secs) ended mixed on alternate bouts of buying and selling. While, the overnight call money rates finished lower due to lack of demand from borrowing banks amid comfortable liquidity situation in the banking system.

Bond gains, Government bonds, Reserve Bank of India, Liquidity Adjustment Facility, InterbankThe 7.59 per cent government security maturing in 2026 fell to Rs 103.3850 from Rs 103.53 previously, while its yield rose to 7.07 per cent from 7.04 per cent. (PTI)

Government bonds (G-Secs) ended mixed on alternate bouts of buying and selling. While, the overnight call money rates finished lower due to lack of demand from borrowing banks amid comfortable liquidity situation in the banking system. The 7.59 per cent government security maturing in 2026 fell to Rs 103.3850 from Rs 103.53 previously, while its yield rose to 7.07 per cent from 7.04 per cent. The 6.97 per cent government security maturing in 2026 and the 7.61 per cent government securities maturing in 2030 decline to Rs 100.88 and Rs 102.72 from its previous close of Rs 100.99 and Rs 102.55 respectively.

The 8.27 per cent government security maturing in 2020, the 7.68 per cent government security maturing in 2023 and the 7.72 per cent government security maturing in 2025 gained to Rs 104.53, Rs 103.05 and Rs 102.86 respectively. The overnight call money rates ended lower to 5.80 per cent from its Wednesday’s level of 5.85 per cent. Its resumed higher at 6.25 per cent and moved in a range of 6.25 per cent and 5.80 per cent.

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Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 294.70 billion in 47-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on Mch 15, while it sold securities worth Rs 6.50 billion in 3-bids at the overnight repo operation at a fixed rate of 6.25 per cent as on today.

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