Government securities (G-Sec) firm up further,call rate recovers

The government securities (G-Sec) firmed up further on sustained buying support from banks and corporates while call rates recovered at the overnight money market here today due to fresh demand from borrowing banks.

The government securities (G-Sec) firmed up further on sustained buying support from banks and corporates while call rates recovered at the overnight money market here today due to fresh demand from borrowing banks.

The 9.15 per cent (G-Sec) maturing in 2024 improved further to Rs 104.20 from Rs 103.84 yesterday,while its yield moved down to 8.60 per cent from 8.64 per cent.

The 8.79 per cent (G-Sec) maturing in 2021 shot up to Rs 101.5650 from Rs 101.27,while its yield eased to 8.57 per cent from 8.59 per cent.

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The 8.19 per cent (G-Sec) maturing in 2020 hardened to Rs 98.1350 from Rs 97.7550,while its yield declined to 8.52 per cent from 8.59 per cent.

The 8.97 per cent (G-Sec) maturing in 2030,the 8.13 per cent (G-Sec) maturing in 2022 and the 7.40 per cent (G-Sec) maturing in 2012 were also ended higher at Rs 101.15,Rs 96.55 and Rs 99.93,respectively.

The overnight call money rate finished higher at 8.85 per cent from yesterday’s close of 8.75 per cent. It moved in a range of 9.00 per cent and 8.60 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 84,205 crore from 42 bids at the one-day repo auction at a fixed rate of 8.50 per cent.

Police personnel seen to control the situation during a massive protest over the statehood demand and the inclusion of Ladakh under the Sixth Schedule, in Leh on Wednesday. (ANI Video Grab)

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