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Wednesday, July 18, 2018

Bonds firm up,call rate declines further

The government securities (G-Sec) firmed up on good buying support from banks and corporates while call rates declined further at the overnight money market here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system.

Written by Agencies | Mumbai | Published: May 3, 2012 8:53:45 pm

The government securities (G-Sec) firmed up on good buying support from banks and corporates while call rates declined further at the overnight money market here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system.

The 9.15 per cent (G-Sec) maturing in 2024 hardened further to Rs 103.78 from Rs 103.50 yesterday,while its yield moved down to 8.65 per cent from 8.69 per cent.

The 8.79 per cent (G-Sec) maturing in 2021 remained firm to Rs 101.09 from Rs 100.99,while its yield softened to 8.62 per cent from 8.63 per cent.

The 8.24 per cent (G-Sec) maturing in 2018 rose to Rs 98.46 from Rs 98.32,while its yield looked down to 8.57 per cent from 8.60 per cent.

The 8.19 per cent (G-Sec) maturing in 2020,the 7.99 per cent (G-Sec) maturing in 2017,the 7.17 per cent (G-Sec) maturing in 2015 and the 8.28 per cent (G-Sec) maturing in 2027 were also ended higher at Rs 97.89,Rs 98.20,Rs 97.20 and Rs 95.41,respectively.

The overnight call money rate finished lower at 7.90 per cent from yesterday’s close of 8.35 per cent. It moved in a range of 8.40 per cent and 7.80 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,00,545 crore from 47 bids at the one-day repo auction at a fixed rate of 8.00 per cent while sold securities worth Rs 910 crore from three bids at the one-day reverse repo auction at a fixed rate of 7.00 per cent.

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