Bonds rule higher,call rate also ends mixedhttps://indianexpress.com/article/news-archive/web/bonds-rule-higher-call-rate-also-ends-mixed/

Bonds rule higher,call rate also ends mixed

The Government securities (G-Sec) rose further on sustained buying by banks and corporates,while 2-days call money rate ended higher on good demand from borrowing banks,while 3-days call money rate declined on excess supply in the banking system.

The Government securities (G-Sec) rose further on sustained buying by banks and corporates,while 2-days call money rate ended higher on good demand from borrowing banks,while 3-days call money rate declined on excess supply in the banking system.

The 9.15 per cent (G-Sec) maturing in 2024 rose to Rs 105.5975 from Rs 105.5350,while its yield declined at 8.41 per cent from 8.42 per cent.

The 8.79 per cent (G-Sec) maturing in 2021 also gained to Rs 102.70 from Rs 102.65 previously,while its yield eased at 8.37 per cent from 8.38 per cent.

However,8.19 per cent (G-Sec) maturing in 2020 fell to Rs 99.4850 from Rs 99.4950,while its yield held stable at 8.28 per cent.

The 8.24 per cent (G-Sec) maturing in 2018 and the 8.83 per cent (G-Sec) maturing in 2041 finished higher at Rs 99.6475 and Rs 101.47 from Rs 99.56,Rs 101.00,respectively.

The 2-days call money rate ended higher at 8.05 per cent from 7.80 per cent yesterday while 3-days call money rate moved in a range of 8.15 per cent and 7.50 per cent before ending lower at 7.90 per cent from last Friday’s close of 8.10 per cent.

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The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 41,300 crore from 23 bids at the Three-day repo auction at a fixed rate of 8.00 per cent.