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Journalism of Courage
The Government securities G-Sec firmed up on good buying support from banks and corporates,while call money rate ended lower at the overnight call money market here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system.
The 9.15 per cent G-Sec maturing in 2024 climbed to Rs 106.0650 from Rs 105.8550 previously,while its yield declined 8.35 per cent from 8.38 per cent.
The 8.19 per cent G-Sec maturing in 2020 rose to Rs 100.02 from 99.93,while its yield moved down to 8.19 per cent from 8.20 per cent.
The 8.33 per cent G-Sec maturing in 2026 also surged to Rs 100.50 from 100.3875,while its yield edged down to 8.27 per cent from 8.28 per cent.
The 8.15 per cent G-Sec maturing in 2022,the 8.79 per cent maturing in 2021 and the 8.07 per cent maturing in 2017 also quoted higher at Rs 100.00,Rs 103.06 and Rs 100.00 respectively.
The Overnight call money rate finished lower at 8.10 per cent from last Friday8217;s close of 8.40 per cent. It moved in a range of 8.25 per cent and 8.00 per cent.
The Reserve Bank of India RBI under the Liquidity Adjustment Facility LAF purchased securities worth Rs 39,615 crore in 27 bids at the one-day repo auction at a fixed rate of 8.00 per cent,while sold securities worth Rs 50 crore from 1 bids at the one-day reverse repo auction at a fixed rate of 7 per cent.
