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This is an archive article published on June 29, 2012

Bonds,call rate down

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

The government bonds dropped on heavy selling pressure from banks and corporates,while call rates also fell 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 dipped to Rs 105.4675 from 105.58 previously,while its yield moved up to 8.43 per cent from 8.41 per cent.

The 8.79 per cent government security maturing in 2021 fell to Rs 102.5975 from 102.71,while its yield went up 8.38 per cent from 8.36 per cent.

The 8.15 per cent government security maturing in 2022 slid to Rs 99.81 from Rs 100.1225 while its yield rose to 8.18 per cent from 8.13 per cent.

The 8.19 per cent government security maturing in 2020,and 8.07 per cent government security maturing in 2017 and 8.97 per cent government security maturing in 2030 were also quoted lower at Rs 99.77,Rs 100.01 and Rs 103.70,respectively.

The call money rate finished lower at 7 per cent from yesterday8217;s closing level of 8 per cent. Four-day8217;s call money rates ended at 8.20 per cent,it moved in a range of 8.50 per cent to 7 per cent.

The Reserve Bank of India RBI under the Liquidity Adjustment Facility LAF purchased securities worth Rs 41,010 crore from 30 bids at the four-days repo auction at a fixed rate of 8 per cent,while sold securities worth Rs 7,760 crore from 17 bids at the four-days reverse repo auction at a fixed rate of 7 per cent.

 

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