Bond firms up,call rate recovers

The G-Sec firmed up on good buying support from banks and corporates,while call rates recovered at the overnight money market here due to fresh demand from borrowing banks.

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

The 8.79 per cent (G-Sec) maturing in 2021 moved up to Rs 102.16 from Rs 102.0650 previously,while its yield eased to 8.45 per cent from 8.47 per cent.

The 9.15 per cent (G-Sec) maturing in 2024 shot up to Rs 104.8550 from Rs 104.64,while its yield moved down to 8.51 per cent from 8.54 per cent.

Story continues below this ad

The 8.19 per cent (G-Sec) maturing in 2020 hardened to Rs 98.76 from Rs 98.6325,while its yield looked down to 8.41 per cent from 8.43 per cent.

The 8.97 per cent (G-Sec) maturing in 2030,the 8.28 per cent (G-Sec) maturing in 2027 and the 7.83 per cent (G-Sec) maturing in 2018 were also ended higher at Rs 102.2375,Rs 96.50 and Rs 96.88,respectively.

The overnight call money rate finished higher at 8.75 per cent from last Friday’s close of 8.50 per cent. It moved in a range of 9.00 per cent and 8.70 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 79,100 crore from 40 bids at the one-day repo auction at a fixed rate of 8.50 per cent.

As GST 2.0 kicks in: what changes for consumers and industry

Explained1 hr ago

The government has introduced significant changes to the GST structure, aiming to lower tax rates for various goods and services. This includes exemptions for Indian bread and health insurance, reduced taxes for beauty and well-being services, and addressing the inverted duty structure. The changes, effective immediately, are expected to boost household spending and encourage investments.

View all shorts

Live Blog