Bonds ends weak,call rates steady

The government bonds dropped on heavy selling pressure from banks and corporates,while the overnight call money market closed steady as demand from borrowing banks matched supplies.

Written by Agencies | Mumbai | Published: July 31, 2012 10:01:46 pm

The government bonds dropped on heavy selling pressure from banks and corporates,while the overnight call money market closed steady as demand from borrowing banks matched supplies.

The 8.15 per cent government security maturing in 2022 dipped to Rs 99.35 from 100.00 previously,while its yield surged to 8.25 per cent from 8.15 per cent.

The 9.15 per cent government security maturing in 2024 fell to Rs 105.5475 from 106.24,while its yield climbed 8.41 per cent from 8.33 per cent.

The 8.19 per cent government security maturing in 2020 slid to Rs 99.3025 from Rs 100.03 while its yield rose to 8.32 per cent from 8.18 per cent.

The 8.33 per cent government security maturing in 2026,and 8.79 per cent government security maturing in 2021 and 8.24 per cent government security maturing in 2018 were also quoted lower at Rs 99.48,Rs 102.66 and Rs 100.00,respectively.

The call money rate finished stable at 8.05 per cent. It moved in a range of 8.15 per cent and 8.00 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 55,340 crore from 26 bids at the one-day repo auction at a fixed rate of 8 per cent,while sold securities worth Rs 5 crore from one bid at the one-day reverse repo auction at a fixed rate of 7 per cent.

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