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.
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.