Bonds,call rates decline on selling presure

The government securities (G-Sec) declined on fresh selling pressure from banks and corporates,and call rate declined further at the overnight call money market here today due to lack of demand from borrowing banks.

Written by Agencies | Mumbai | Published: May 11, 2012 8:18:39 pm

The government securities (G-Sec) declined on fresh selling pressure from banks and corporates,and call rate declined further at the overnight call money market here today due to lack of demand from borrowing banks.

The 8.79 per cent (G-Sec) maturing in 2021 eased to Rs 101.44 from Rs 101.46 yesterday,while its yield held steady at 8.56 per cent.

The 8.19 per cent (G-Sec) maturing in 2020 declined to Rs 98.38 from Rs 98.48,while its yield moved up to 8.48 per cent from 8.46 per cent.

The 8.97 per cent (G-Sec) maturing in 2030 remained weak to Rs 101.03 from Rs 101.20,while its yield inched up to 8.85 per cent from 8.84 per cent.

The 8.24 per cent (G-Sec) maturing in 2018 dropped to Rs 98.55 from 98.71,while its yield firmed up to 8.55 per cent from 8.52 per cent.

The overnight call money rate finished lower at 8.00 per cent from yesterday’s closing level of 8.20. It moved in a range of 8.45 per cent and 8.00 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,18,730 crore from 51 bids at the three-days repo auction at a fixed rate of 8.00 per cent while sold securities worth Rs five crore from one bid at the three-days reverse repo auction at a fixed rate of 7.00 per cent.

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