Bonds react downwards,call rate remains stable

The 8.33 per cent government security slid to Rs 101.04 from Rs 101.1250.

Written by Agencies | Mumbai | Published: July 24, 2012 7:06:58 pm

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

The 9.15 per cent government security maturing in 2024 dipped to Rs 106.60 from 106.74 previously,while its yield edged up to 8.28 per cent from 8.26 per cent.

The 8.15 per cent government security maturing in 2022 fell to Rs 100.5150 from 100.55,while its yield held steady at 8.07 per cent.

The 8.33 per cent government security maturing in 2026 slid to Rs 101.04 from Rs 101.1250,while its yield inched up to 8.20 per cent from 8.19 per cent.

The 8.19 per cent government security maturing in 2020,8.97 per cent government security maturing in 2030 and 8.79 per cent government security maturing in 2021 were also quoted lower at Rs 100.33,Rs 104.9750 and Rs 103.54,respectively.

The call money rate finished stable at 8.00 per cent. It moved in a range of 8.05 per cent and 7.95 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 24,010 crore from 15 bids at the one-day repo auction at a fixed rate of 8.00 per cent.

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