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Last Updated : Sep 11, 2017 08:21 PM IST | Source: PTI

Bonds slip, call rates finish lower

Government bonds (G-Secs) slipped on selling pressure from banks and corporates and the Interbank call rates also finished lower due to lack of demand from borrowing banks.

Government bonds (G-Secs) slipped on selling pressure from banks and corporates and the Interbank call rates also finished lower due to lack of demand from borrowing banks amidst ample liquidity situation in the banking system.

The 6.79 percent government security maturing in 2027 declined to Rs 101.6025 from Rs 101.74 previously, while its yield rose to 6.56 percent from 6.54 percent.

The 6.79 percent government security maturing in 2029 fell to Rs 99.39 from Rs 99.54, while its yield gained to 6.86 percent from 6.84 percent.

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The 6.68 percent government security maturing in 2031 eased to Rs 100.09 from Rs 100.21. while its yield inched up to 6.67 percent from 6.66 per cent.

The 7.72 percent government security maturing in 2025 dipped to Rs 105.30 from Rs 105.39, while, its yield inched up to 6.82 percent from 6.81 per cent.

The overnight call money rates ended lower at 5.80 percent from last Friday's level 5.85 percent. It resumed higher at 6.00 percent and traded in a range of 6.00 percent and 5.70 percent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 24.50 billion in 4-bids at the overnight repo operations at a fixed rate of 6.00 percent as on today, while its sold securities worth Rs 161.58 billion from 53-bids at the 3-days reverse repo auction at a fixed rate of 5.75 percent as on September 08.

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First Published on Sep 11, 2017 08:10 pm
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