Bonds remains up, call rates ends higher
Government securities (G-Sec) remained up due to consistent demand from banks and corporates, while the call money rates also finished higher at the overnight-day call money market here today owing to good demand from borrowing banks.
March 06, 2013 / 19:31 IST
Government securities (G-Sec) remained up due to consistent demand from banks and corporates, while the call money rates also finished higher at the overnight-day call money market here today owing to good demand from borrowing banks.
The 8.15 per cent G-Sec maturing in 2022 rose to Rs 101.8625 from Rs 101.7850 yesterday, while its yield edged down to 7.86 per cent from 7.87 per cent. The 8.20 per cent G-Sec maturing in 2025 shot up to Rs 101.96 from Rs 101.8450, while its yield inched down by 7.95 per cent from 7.96 per cent. The 8.33 per cent G-Sec maturing in 2026 also climbed to Rs 103.1075 from Rs 102.9675, while its yield eased to 7.95 per cent from 7.96 per cent. The 8.07 per cent G-Sec maturing in 2017, the 8.12 per cent maturing in 2020 and the 8.97 per cent maturing in 2030 also quoted higher at Rs 100.7925, Rs 101.59 and Rs 107.90 respectively.The overnight call money rate finished higher at 7.90 per cent from previous close of 6.75 per cent. It moved in a range of 7.95 per cent and 7.50 per cent. The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 3.7970 crore in 17 bids at the 1-day repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 90 crore in two-bids at the one-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
