Government bonds recover on good demand,call rate end higher

The government securities (G-Sec) recovered on good buying support from banks and corporates,while call rates remained higher at the overnight call money market here today on good demand from borrowing banks.

Written by Agencies | Mumbai | Published: September 18, 2012 7:13 pm

The government securities (G-Sec) recovered on good buying support from banks and corporates,while call rates remained higher at the overnight call money market here today on good demand from borrowing banks.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 100.27 from Rs 100.0725 yesterday,while its yield declined 8.29 per cent from 8.32 per cent.

The 8.15 per cent G-Sec maturing in 2022 surged to Rs 99.8775 from 99.7775,while its yield inched down to 8.17 per cent from 8.18 per cent.

The 8.19 per cent G-Sec maturing in 2020 also rose to Rs 99.5650 from 99.47,while its yield eased to 8.27 per cent from 8.28 per cent.

The 8.97 per cent G-Sec maturing in 2030,the 8.07 per cent maturing in 2017 and the 9.15 per cent maturing in 2024 also quoted higher at Rs 104.2650,Rs 99.55 and Rs 105.84,respectively.

The Overnight call money rate ended higher at 8.05 per cent from 8.00 per cent yesterday,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 681.25 billion in 24 bids at the two-day repo auction at a fixed rate of 8.00 per cent,while sold securities worth Rs 0.05 billion from one bid at the two-day reverse repo auction at a fixed rate of 7 per cent.

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