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HomeNewsBusinessEconomyBond firms up while call rate eases

Bond firms up while call rate eases

Government bonds firmed up on fresh buying support from banks and corporates, while call rate moved down on the overnight call money market here today in view of ample liquidity available in banking system.

July 25, 2011 / 22:27 IST

Government bonds firmed up on fresh buying support from banks and corporates, while call rate moved down on the overnight call money market here today in view of ample liquidity available in banking system.

The 7.80% government security maturing in 2021 hardened to Rs 96.74 from Rs 96.60 previously, while its yield eased to 8.29% from 8.31%.

The 8.08% government security maturing in 2022 rose to Rs 97.64 from Rs 97.52, while its yield declined to 8.41% from 8.43%.

The 8.13% government security maturing in 2022 firmed up to Rs 97.98 from Rs 97.86, while its yield looked down to 8.41% from 8.43%.

The 7.83% government security maturing in 2018 and the 7.59% government security maturing in 2016 were also ended higher at Rs 97.51 and Rs 97.25, respectively.

The overnight call money rate moved in a range of 7.70% and 7.45% before finishing at 7.55% from 7.60% last weekend.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 73,215 crore from 41 bids at one-day repo auction at a fixed rate of 7.50%.

first published: Jul 25, 2011 08:56 pm

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