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Wednesday, July 18, 2018

Bonds settle mixed,call rate reacts downward

The government securities (G-Sec) settled mixed on alternate bouts of buying and selling while call rate reacted downwards on the overnight call money market here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system.

Written by Agencies | Mumbai | Published: May 16, 2012 7:23:09 pm

The government securities (G-Sec) settled mixed on alternate bouts of buying and selling while call rate reacted downwards on the overnight call money market here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system.

The 8.79 per cent G-Sec maturing in 2021 declined to Rs 101.7475 from overnight close of Rs 101.8850,while its yield moved up to 8.52 per cent from 8.50 per cent

The 9.15 per cent G-sec maturing in 2024 eased to Rs 104.54 from Rs 104.5650,while its yield ruled steady at 8.55 per cent.

The 8.19 per cent G-sec maturing in 2020 also moved down to Rs 98.60 from Rs 98.67,while its yield inched up to 8.44 per cent 8.43 per cent.

However,the 8.28 per cent G-Sec maturing in 2027 firmed up to Rs 95.83 from Rs 95.74,while its yield softened to 8.78 per cent from 8.79 per cent.

The 8.97 per cent G-Sec maturing in 2030 and the 8.83 per cent G-Sec maturing in 2041 were also quoted higher at Rs 101.35 and Rs 99.00,respectively.

The overnight call money rate finished lower at 7.80 per cent from yesterday’s level of 8.30 per cent. It moved in a range of 8.35 per cent and 7.50 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 91,400 crore from 42 bids at the one-day repo auction at a fixed rate of 8.00 per cent while sold securities worth Rs 10 crore from one bid at the one-day reverse repo auction at a fixed rate of 7.00 per cent.

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