G-secs,call rate recovers on fresh demand

The government securities (G-Sec) recovered on fresh buying support from banks and corporates and call rates also finished higher at the overnight money market here today due to good demand from borrowing banks.

Written by Agencies | Mumbai | Published:February 10, 2012 8:11 pm

The government securities (G-Sec) recovered on fresh buying support from banks and corporates and call rates also finished higher at the overnight money market here today due to good demand from borrowing banks.

The 9.15 per cent (G-Sec) maturing in 2024 shot up to Rs 106.6950 from Rs 105.95 yesterday,while its yield dropped to 8.29 per cent from 8.38 per cent.

The 8.79 per cent (G-Sec) maturing in 2021 firmed up to Rs 103.92 from Rs 103.42,while its yield declined to 8.19 per cent from 8.27 per cent.

The 8.19 per cent (G-Sec) maturing in 2020 rose to Rs 99.64 from Rs 99.40,while its yield fell to 8.25 per cent from 8.29 per cent.

The 7.83 per cent (G-Sec) maturing in 2018,the 8.97 per cent (G-Sec) maturing in 2030,the 7.59 per cent (G-sec) maturing in 2016 and the 8.83 per cent (G-sec) maturing in 2041 were also closed higher at Rs 97.89,Rs 103.70,Rs 97.72 and Rs 102.95,respectively.

The overnight call money rate ended higher at 8.80 per cent from yesterday’s close of 8.70 per cent while three-days call rate moved in a range of 8.90 per cent 8.00 per cent before settling at 8.50 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 86,705 crore from 45 bids at the three-days repo auction at a fixed rate of 8.50 per cent.

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