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This is an archive article published on April 25, 2012

Bonds decline while call rate edges up

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

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

The 9.15 per cent (G-Sec) maturing in 2024 fell back to Rs 103.9350 from Rs 104.51 yesterday,while its yield rose to 8.64 per cent from 8.56 per cent.

The 8.79 per cent (G-Sec) maturing in 2021 dropped to Rs 101.0325 from Rs 101.4275,while its yield firmed up to 8.63 per cent from 8.57 per cent.

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The 8.19 per cent (G-Sec) maturing in 2020 declined further to Rs 98.20 from Rs 98.4975,while its yield hardened to 8.51 per cent from 8.46 per cent.

The 8.97 per cent (G-Sec) maturing in 2030 and the 8.83 per cent (G-Sec) maturing in 2041 were also quoted lower at Rs 101.05 and Rs 99.87,respectively.

The overnight call money rate finished slightly higher at 8.40 per cent from yesterday’s closing level of 8.35 per cent. It moved in a range of 8.45 per cent and 8.30 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility purchased securities worth Rs 1,17,885 crore from 59 bids at the one-day repo auction at a fixed rate of 8.00 per cent.

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