Bonds end mixed,while call rate recovers

The government securities (G-Sec) ended mixed on alternate bouts of buying and selling while call rate recovered on the overnight call money market here today due to fresh demand from borrowing banks following limited liquidity in the banking system.

Written by Agencies | Mumbai | Published:June 20, 2012 9:00 pm

The government securities (G-Sec) ended mixed on alternate bouts of buying and selling while call rate recovered on the overnight call money market here today due to fresh demand from borrowing banks following limited liquidity in the banking system.

The 8.15 per cent G-Sec maturing in 2022 moved down to Rs 100.2450 from yesterday’s level of Rs 100.2625,while its yield held steady at 8.11 per cent.

The 8.19 per cent G-sec maturing in 2020 softened to Rs 99.52 from Rs 99.53,while its yield ruled stable at 8.27 per cent.

The 7.17 per cent G-sec maturing in 2015 and the 7.83 per cent G-sec maturing in 2018 also quoted lower at Rs 97.73 and Rs 97.7850,respectively.

However,the 8.97 per cent G-Sec maturing in 2030 firmed up further to Rs 103.4850 from Rs 103.30,while its yield eased to 8.59 per cent from 8.61 per cent.

The 8.28 per cent G-Sec maturing in 2027 and the 8.24 per cent G-sec maturing in 2018 also ended higher at Rs 97.85 and Rs 99.82,respectively.

The overnight call money rate finished higher at 8.10 per cent from yesterday’s closing level of 8.00 per cent. It moved in a range of of 8.30 per cent and 8.10 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,25,340 crore from 49 bids at the one-day repo auction at a fixed rate of 8.00 per cent while sold securities worth Rs 55 crore from one bid at the one-day reverse repo auction at a fixed rate of 7.00 per cent.

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