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This is an archive article published on June 5, 2012

Bonds remain firm,while call rate improves further

The uptrend in he Government securities G-Sec was unabated on sustained buying by banks and corporates,while call money rate improved further at the Overnight call money market today on sustained shortage of funds in the banking system.

The uptrend in he Government securities G-Sec was unabated on sustained buying by banks and corporates,while call money rate improved further at the Overnight call money market today on sustained shortage of funds in the banking system.

The 9.15 per cent G-Sec maturing in 2024 gained further to Rs 105.9450 from Rs 105.89,while its yield eased to 8.37 per cent from 8.38 per cent yesterday.

The 8.79 per cent G-Sec maturing in 2021 also rose to Rs 102.94 from Rs 102.86 previously,while its yield softened to 8.33 per cent from 8.34 per cent.

The 8.19 per cent G-Sec maturing in 2020 too firmed up to Rs 99.94 from Rs 99.7750,while its yield dipped to 8.20 per cent from 8.23 per cent.

The 8.97 per cent G-Sec maturing in 2030,the 8.24 per cent maturing in 2018 and the 8.83 per cent maturing in 2041 also went up to Rs 104.45,Rs 99.9450 and Rs 102.44 respectively.

The Overnight call money rate improved further to settle at 8.25 per cent from 8.20 per cent,before moving in a range of 8.30 per cent and 8.00 per cent.

The Reserve Bank of India RBI under the Liquidity Adjustment Facility LAF purchased securities worth Rs 77,890 crore in 32 bids at the one-day repo auction at a fixed rate of 8.00 per cent.

 

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