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This is an archive article published on October 23, 2012

Government bonds remains weak,

Government bonds eased further on continued selling from banks and corporates,while call rate ended stable on alternate bouts of demand supply.

Government bonds eased further on continued selling from banks and corporates,while call rate ended stable on alternate bouts of demand supply.

The 8.15 per cent government security maturing in 2022 softened further to Rs 100.08 from Rs 100.10 yesterday,while its yield edged up to 8.14 per cent from 8.13 per cent.

The 8.33 per cent government security maturing in 2026 also declined to Rs 100.80 from Rs 100.8375,while its yield inched up to 8.23 per cent from 8.22 per cent previously.

The 8.19 per cent government security maturing in 2020 reduced to Rs 100.10 from Rs 100.1150,while its yield moved up to 8.17 per cent from 8.16 per cent.

The 8.20 per cent government security maturing in 2025,the 8.97 per cent government security maturing in 2030 and 9.15 per cent government security maturing in 2024 also ended weak at Rs 100.0175,Rs 105.90 and Rs 106.42 respectively.

The overnight call money rate moved in a small range of 8.10 per cent and 7.95 per cent before settling at its overnight closing level of 8.10 per cent.

The Reserve Bank of India RBI under the Liquidity Adjustment Facility LAF purchased securities worth Rs 771.10 billion in 34 bids at the two-days repo auction at a fixed rate of 8.00 per cent while sold securities worth Rs 0.10 bn in one bid at the two-days reverse repo auction at a fixed rate of 7.00 per cent in the evening auction.

 

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