The government securities (G-Sec) recovered on good buying support from banks and corporates,while three-days call money rates closed higher on fresh demand from borrowing banks.
The 8.15 per cent G-Sec maturing in 2022 climbed to Rs 100.4925 from Rs 100.4225 yesterday,while its yield edged down 8.07 per cent from 8.09 per cent.
The 9.15 per cent G-Sec maturing in 2024 surged to Rs 106.55 from 106.43,while its yield eased to 8.29 per cent from 8.30 per cent.
The 8.19 per cent G-Sec maturing in 2020 also rose to Rs 100.30 from 100.23,while its yield moved down to 8.14 per cent from 8.15 per cent.
The 8.79 per cent G-Sec maturing in 2021,the 8.97 per cent maturing in 2030 and the 8.28 per cent maturing in 2027 also quoted higher at Rs 103.51,Rs 104.85 and Rs 99.4725,respectively.
The three-days call money rate finished higher at 7.95 per cent from last Friday’s close of 7.90 per cent,it moved in a range of 8.15 per cent and 7.90 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 59,210 crore in 28 bids at the three-days repo auction at a fixed rate of 8.00 per cent,while sold securities worth Rs 5 crore from 1 bid at the three-days reverse repo auction at a
fixed rate of 7 per cent.
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