Moneycontrol
Oct 13, 2017 06:50 PM IST | Source: PTI

Bonds recover, call rates turn higher

The 6.79 percent government security maturing in 2027 were climbed to Rs 100.38 as compared to Rs 100.25 yesterday, while, its yield eased to 6.73 percent from 6.75 percent.

Bonds recover, call rates turn higher

Government bonds (G-Secs) recovered following fresh demand from corporates and banks and the interbank call money rates also turned higher due to good demand from borrowing banks amid tight liquidity situation in the banking system.

The 6.79 percent government security maturing in 2027 were climbed to Rs 100.38 as compared to Rs 100.25 yesterday, while, its yield eased to 6.73 percent from 6.75 percent.

The 6.68 per cent government security maturing in 2031 were increased to Rs 97.96 from Rs 97.59, while its yield edged down to 6.91 per cent from 6.95 per cent.

The 6.79 per cent government security maturing in 2029 were rose to Rs 98.32 from Rs 98.09 yesterday, while, its yield softened to 7.00 per cent from 7.02 percent.

The 7.16 percent government security maturing in 2023, the 7.72 per cent government security maturing in 2025 and the 7.73 per cent government security maturing in 2034 were also quoted higher at Rs 101.72, Rs 104.51 and Rs 104.2875 respectively.

The overnight call money rates finished higher at 5.85 per cent from Thursday's level 5.75 per cent. It resumed higher at 5.95 per cent and moved in a range of 6.00 per cent and 5.70 per cent. Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 28.40 billion in 7-bids at the 3-days repo opertion at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 274.79 billion from 63-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on October 12.
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