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Government bonds react downwards,call rate ends stable

The government bonds reacted downwards on selling pressure from banks and corporates,while call money rates held steady at the overnight call money market here today as demand from borrowing banks matched supplies.

Written by Agencies | Mumbai | Published: September 25, 2012 8:39:15 pm

The government bonds reacted downwards on selling pressure from banks and corporates,while call money rates held steady at the overnight call money market here today as demand from borrowing banks matched supplies.

The 8.15 per cent government security (G Sec) maturing in 2022 dropped to Rs 99.8625 from 99.9450 previously,while its yield inched up by 8.17 per cent from 8.16 per cent.

The 8.33 per cent government security maturing in 2026 fell to Rs 100.46 from 100.6550,while its yield moved up 8.27 per cent from 8.25 per cent.

The 8.20 per cent government security maturing in 2027 slid to Rs 99.97 from Rs 100.18 while its yield gained to 8.20 per cent from 8.18 per cent.

The 8.19 per cent government security maturing in 2020,and 8.97 per cent government security maturing in 2030 and 8.07 per cent government security maturing in 2017 also quoted lower at Rs 99.54,Rs 104.18 and Rs 99.5150,respectively.

The call money rate ended steady at 8.05 per cent,it moved in a range of 8.10 per cent and 7.90 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 797.60 billion from 29 bids at the one-day repo auction at a fixed rate of 8 per cent.

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