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Bond declines on selling pressure,call rate ends lower

The government bonds declined on selling pressure from banks and corporates,while call rates also ended lower at the overnight call money market here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system.

Written by Agencies | Mumbai | Published: June 14, 2012 7:21:35 pm

The government bonds declined on selling pressure from banks and corporates,while call rates also ended lower at the overnight call money market here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system.

The 9.15 per cent government security maturing in 2024 dropped to Rs 106.00 from 106.35 yesterday,while its yield climbed to 8.36 per cent from 8.32 per cent.

The 8.79 per cent government security maturing in 2021 fell to Rs 102.9650 from 103.19,while its yield rose 8.33 per cent from 8.29 per cent.

The 8.15 per cent government security maturing in 2022 declined to Rs 100.73 from Rs 100.76,while its yield held steady at 8.04 per cent.

The 8.19 per cent government security maturing in 2010,and 8.97 per cent government security maturing in 2030 and 8.28 per cent government security maturing in 2027 were also quoted lower at Rs 100.33,104.38 and Rs 98.77 respectively.

The call money rate finished lower at 7.95 per cent from yesterday’s closing level of 8.05 per cent. It hovered 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 70,520 crore from 27 bids at the one-day repo auction at a fixed rate of 8.00 per cent,while sold securities worth Rs 465 crore from four bid at the one-day reverse repo auction at a fixed rate of 7.00 per cent.

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