G-secs drops further while call rate improves further

The government securities dropped further on sustained selling pressure from banks and corporates while call rates edged up further at the overnight money market today due to increased demand from borrowing banks.

The government securities (G-Sec) dropped further on sustained selling pressure from banks and corporates while call rates edged up further at the overnight money market here today due to increased demand from borrowing banks.

The 8.79 per cent (G-Sec) maturing in 2021 drifted lower at Rs 103.67 from Rs 103.9725 yesterday,while its yield moved up to 8.23 per cent from 8.19 per cent.

The 9.15 per cent (G-Sec) maturing in 2024 declined to Rs 106.25 from Rs 106.58,while its yield firmed up to 8.34 per cent from 8.30 per cent.

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The 7.83 per cent (G-Sec) maturing in 2018 fell to Rs 97.90 from Rs 98.1250,while its yield rose to 8.27 per cent from 8.22 per cent.

The 8.19 per cent (G-Sec) maturing in 2020,the 8.28 per cent (G-Sec) maturing in 2027,the 8.97 per cent (G-sec) maturing in 2030 and the 8.83 per cent (G-sec) maturing in 2041 were also ended lower at Rs 99.5850,Rs 98.04,Rs 103,80 and Rs 102.70,respectively.

The overnight call money rate finished slightly higher at 8.80 per cent from yesterday’s close of 8.75 per cent. It moved in a range of 8.85 per cent and 8.60 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,04,925 crore from 43 bids at the one-day repo auction at a fixed rate of 8.50 per cent.

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