Bonds settle mixed,call rate eases further

The government securities (G-Sec) settled mixed on alternate bouts of buying and selling while call rate eased further on the overnight call money market here today due to lack of demand from borrowing banks.

Written by Agencies | Mumbai | Published:May 4, 2012 8:14 pm

The government securities (G-Sec) settled mixed on alternate bouts of buying and selling while call rate eased further on the overnight call money market here today due to lack of demand from borrowing banks.

The 9.15 per cent G-Sec maturing in 2024 fell back to Rs 103.43 from overnight close of Rs 103.78,while its yield firmed up to 8.69 per cent from 8.65 per cent.

The 8.24 per cent G-sec maturing in 2018 softened to Rs 98.44 from Rs 98.46,while its yield inched up to 8.58 per cent from 8.57 per cent.

The 8.97 per cent G-sec maturing in 2030,the 8.07 per cent G-sec maturing in 2017,the 8.28 per cent G-sec maturing in 2027 and the 8.13 per cent G-Sec maturing in 2022 also quoted lower at Rs 100.48,Rs 98.95,Rs 95.35 and Rs 96.40,respectively.

However,the 8.19 per cent G-Sec maturing in 2020 improved further to Rs 98.0075 from Rs 97.89,while its yield eased to 8.55 per cent from 8.57 per cent.

The 7.99 per cent G-Sec maturing in 2017 also moved up to Rs 98.25 from Rs 98.20,while its yield edged down to 8.41 per cent from 8.42 per cent.

The overnight call money rate finished lower at 7.80 per cent from yesterday’s level of 7.90 per cent. The 3-days call money rate moved in a range of 8.40 per cent and 7.50 per cent before concluding at 7.50 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 51,745 crore from 37 bids at the three-days repo auction at a fixed rate of 8.00 per cent while sold securities worth Rs 375 crore from six bids at the three-days reverse repo auction at a fixed rate of 7.00 per cent.

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