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This is an archive article published on May 30, 2012

Bonds recover while call rate improves

The government securities G-Sec recovered on fresh buying support from banks and corporates,while call rates firmed up further at the overnight call money market here today due to sustained demand from borrowing banks.

The government securities G-Sec recovered on fresh buying support from banks and corporates,while call rates firmed up further at the overnight call money market here today due to sustained demand from borrowing banks.

The 9.15 per cent G-Sec maturing in 2024 edged up to Rs 104.5250 from Rs 104.52 yesterday,while its yield held steady at 8.55 per cent.

The 8.28 per cent G-Sec maturing in 2027 rose to Rs 96.5375 from Rs 96.20,while its yield declined at 8.69 per cent from 8.73 per cent.

The 8.19 per cent G-Sec maturing in 2020 moved up to Rs 98.93 from Rs 98.86,while its yield softened to 8.38 per cent from 8.39 per cent.

The 8.24 per cent G-Sec maturing in 2018,the 8.97 per cent G-Sec maturing in 2030,were also closed higher at Rs 99.10 and Rs 102.55 respectively.

However,the 8.79 per cent G-Sec maturing in 2021 eased to Rs 101.70 from Rs 101.73 previously,while its yield held stable at 8.52 per cent.

The overnight call money rate finished higher at 8.20 per cent from yesterday8217;s closing level of 8.15 per cent.

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The Reserve Bank of India RBI under the Liquidity Adjustment Facility LAF purchased securities worth Rs 82,910 crore from 36 bids at the one-day repo auction at a fixed rate of 8.00 per cent.

 

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