Bonds react downwards,while call rate recovers

The 9.15 per cent government security maturing in 2024 dipped to Rs 106.43 from 106.68 previously.

Written by Agencies | Mumbai | Published: July 17, 2012 8:10 pm

The government bonds reacted downwards on heavy selling pressure from banks and corporates,while call rates recovered at the overnight call money market here today on fresh demand from borrowing banks.

The 9.15 per cent government security maturing in 2024 dipped to Rs 106.43 from 106.68 previously,while its yield rose to 8.30 per cent from 8.27 per cent.

The 8.15 per cent government security maturing in 2022 fell to Rs 100.3850 from 100.67,while its yield moved up to 8.09 per cent from 8.05 per cent.

The 8.19 per cent government security maturing in 2020 slid to Rs 100.20 from Rs 100.35,while its yield edged up to 8.15 per cent from 8.13 per cent.

The 8.79 per cent government security maturing in 2021,8.33 per cent government security maturing in 2026 and 8.24 per cent government security maturing in 2018 were also quoted lower at Rs 103.35,Rs 100.90 and Rs 100.42,respectively.

The call money rate finished higher at 8.10 per cent from yesterday’s closing level of 7.90 per cent. It moved in a range of 8.10 per cent and 7.95 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 66,495 crore from 34 bids at the one-day repo auction at a fixed rate of 8.00 per cent,while sold securities worth Rs 5 crore from 1 bid at the one-day reverse repo auction at a fixed rate of 7 per cent.

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