Government bonds remained up on good demand,call rate drops

The government securities (G-Sec) firmed up further on good buying support from banks and corporates,while call rates dropped at the overnight call money market here today due to lack of demand from borrowing banks.

Written by Agencies | Mumbai | Published: September 5, 2012 7:10 pm

The government securities (G-Sec) firmed up further on good buying support from banks and corporates,while call rates dropped at the overnight call money market here today due to lack of demand from borrowing banks.

The 8.33 per cent G-Sec maturing in 2026 surged to Rs 99.94 from Rs 99.6825 previously,while its yield declined to 8.34 per cent from 8.37 per cent.

The 8.15 per cent G-Sec maturing in 2022 climbed to Rs 99.79 from 99.57,while its yield moved down to 8.18 per cent from 8.21 per cent.

The 8.19 per cent G-Sec maturing in 2020 also rose to Rs 99.5250 from 99.3475,while its yield went down at 8.27 per cent from 8.31 per cent.

The 8.07 per cent G-Sec maturing in 2017,the 8.97 per cent maturing in 2030 and the 8.28 per cent maturing in 2027 also quoted higher at Rs 99.5975,Rs 104.01 and Rs 98.65 respectively.

The overnight call money rate finished lower at 7.30 per cent,it moved in a range of 8.00 per cent and 7.20 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 29.70 billion in 3 bids at the one-day repo auction at a fixed rate of 8.00 per cent,while sold securities worth Rs 23.80 billion from five bids at the one-day reverse repo auction at a fixed rate of 7 per cent.

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