Bonds react downwards,call rate recover

The government bonds reacted downwards on heavy selling pressure from banks and corporates,while three-days call rates recovered at the overnight call money market here today on fresh demand from borrowing banks.

The government bonds reacted downwards on heavy selling pressure from banks and corporates,while three-days call rates recovered at the overnight call money market here today on fresh demand from borrowing banks.

The 8.33 per cent government security (G Sec) maturing in 2026 dipped to Rs 99.4600 from 99.60 previously,while its yield moved up to 8.40 per cent from 8.38 per cent.

The 9.15 per cent government security maturing in 2024 fell to Rs 105.5450 from Rs 105.7350,while its yield gained 8.41 at 8.39 per cent.

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The 8.15 per cent government security maturing in 2022 slid to Rs 99.2800 from Rs 99.5150,while its yield rose to 8.26 per cent from 8.22 per cent.

The 8.19 per cent government security maturing in 2020,8.79 per cent government security maturing in 2021 and 8.07 per cent government security maturing in 2017 were also quoted lower at Rs 99.3350,Rs 102.6600 and Rs 99.5500 respectively.

The three-days call money rate finished higher at 8.00 per cent from last Friday’s close of 7.90 per cent. It moved in a range of 8.05 per cent and 7.80 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 17,795 crore from 14 bids at the three-days repo auction at a fixed rate of 8.00 per cent.

PM Modi releases special coin, stamp to mark 100 years of RSS

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Prime Minister Narendra Modi said that Rashtriya Swayam Sevak Sangh [RSS] had suffered at the hands of British and Nizams for its belief of ‘nation first’. He also said RSS members, including founder KB Hedgewar, had been jailed during the freedom struggle. Modi released a special commemorative postage stamp and a coin to mark the centenary of the RSS.

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