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Government bonds recover on fresh demand,call rate rises

The Government securities (G-Sec) recovered on fresh buying from banks and corporates,while call money rate rose on the Overnight call money market today on good demand from borrowing banks.

Written by Agencies | Mumbai | Published: July 3, 2012 8:09:34 pm

The Government securities (G-Sec) recovered on fresh buying from banks and corporates,while call money rate rose on the Overnight call money market today on good demand from borrowing banks.

The 9.15 per cent G-Sec maturing in 2024 climbed to Rs 105.57 from Rs 105.3175 yesterday,while its yield declined 8.41 per cent from 8.45 per cent.

The 8.79 per cent G-Sec maturing in 2021 rose to Rs 102.71 from 102.5750,while its yield eased to 8.36 per cent from 8.38 per cent previously.

The 8.19 per cent G-Sec maturing in 2020 also moved up to Rs 99.6850 from 99.67,while its yield held steady at 8.25 per cent.

The 8.28 per cent G-Sec maturing in 2027,the 8.97 per cent maturing in 2030 and the 8.24 per cent maturing in 2018 also quoted higher at Rs 98.50,Rs 103.84 and Rs 100.03 respectively.

The Overnight call money rate finished higher at 8.00 per cent from last Friday’s close of 7.00 per cent. It moved in a range of 8.30 per cent and 8.00 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 97,915 crore in 47 bids at the one-day repo auction at a fixed rate of 8.00 per cent,while sold securities worth Rs 1,600 crore from 2 bids at the one-day reverse repo auction at a fixed rate of 7 per cent.

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