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This is an archive article published on April 23, 2012

Bonds settle mixed,call rate improves further

The government securities G-Sec settled mixed on alternate bouts of buying and selling while call rate improved further at the overnight call money market here today due to sustained demand from borrowing banks.

The government securities G-Sec settled mixed on alternate bouts of buying and selling while call rate improved 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 moved down to Rs 104.33 from last weekend8217;s level of Rs 104.40,while its yield inched up to 8.58 per cent from 8.57 per cent.

The 8.79 per cent G-sec maturing in 2021 declined to Rs 101.42 from Rs 101.58,while its yield moved up to 8.57 per cent from 8.54 per cent.

The 8.97 per cent G-sec maturing in 2030 and the 8.26 per cent G-sec maturing in 2027 also quoted lower at Rs 101.50 and Rs 97.2625,respectively.

However,the 8.19 per cent G-Sec maturing in 2020 firmed up to Rs 98.60 from Rs 98.38,while its yield moved down to 8.44 per cent from 8.48 per cent

The 8.24 per cent G-Sec maturing in 2018,the 7.83 per cent G-Sec maturing in 2018 and the 7.40 per cent G-Sec maturing in 2012 also quoted higher at Rs 98.90,97.00 and Rs 99.9750,respectively.

The overnight call money rate finished slightly higher at 8.35 per cent from last Friday8217;s close of 8.30 per cent. It moved in a range of 8.65 per cent and 8.25 per cent.

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The Reserve Bank of India RBI under the Liquidity Adjustment Facility LAF purchased securities worth Rs 94,250 crore from 46 bids at the one-day repo auction at a fixed rate of 8.00 per cent while sold securities worth Rs 15 crore from one bid at the one-day reverse repo auction at a fixed rate of 7.00 per cent. PTI SBP

 

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