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Journalism of Courage
The government securities (G-Sec) settled mixed on alternate bouts of buying and selling while call rate recovered at the overnight call money market due to fresh demand from borrowing banks.
The 8.79 per cent G-Sec maturing in 2021 improved further to Rs 102.45 from yesterday’s close of Rs 102.4150,while its yield softened to 8.41 per cent from 8.42 per cent.
The 8.19 per cent G-sec maturing in 2020 moved up to Rs 98.5450 from Rs 98.50,while its yield eased to 8.44 per cent from 8.45 per cent.
The 7.83 per cent G-sec maturing in 2018 and the 7.02 per cent G-sec maturing in 2016 were also quoted higher at Rs 96.90 and Rs 95.00,respectively.
However,the 9.15 per cent G-Sec maturing in 2024 declined further to Rs 105.51 from Rs 105.58,while its yield inched up to 8.43 per cent from 8.42 per cent.
The 8.83 per cent G-Sec maturing in 2041 also ended lower at Rs 101.91 from Rs 101.99,while its yield edged up to 8.65 per cent from 8.64 per cent.
The overnight call money rate finished higher at 9.00 per cent from Monday’s close of 8.75 per cent. It moved in a range of 9.00 per cent and 8.80 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,49,970 crore from 68 bids at the one-day repo auction at a fixed rate of 8.50 per cent while sold securities worth Rs 505 crore from three bids at the one-day reverse repo auction at a fixed rate of 7.50 per cent.
