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This is an archive article published on July 12, 2012

Bonds firm up on good demand,call rate ends higher

The Government securities (G-Sec) firmed up on sustained demand from banks and corporates,while call money rate ended higher at the overnight call money market here today on renewed demand from borrowing banks.

The Government securities (G-Sec) firmed up on sustained demand from banks and corporates,while call money rate ended higher at the overnight call money market here today on renewed demand from borrowing banks.

The 9.15 per cent G-Sec maturing in 2024 climbed to Rs 106.34 from Rs 106.29 previously,while its yield held steady at 8.32 per cent.

The 8.15 per cent G-Sec maturing in 2022 surged to Rs 100.30 from 100.04,while its yield dropped to 8.10 per cent from 8.14 per cent.

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The 8.79 per cent G-Sec maturing in 2021 also gained to Rs 103.30 from 100.2950,while its yield held stable at 8.27 per cent.

The 8.33 per cent G-Sec maturing in 2026,the 8.28 per cent maturing in 2027 and the 8.07 per cent maturing in 2017 also quoted higher at Rs 100.60,Rs 98.9375 and Rs 100.3150 respectively.

The Overnight call money rate closed higher at 8.15 per cent. It moved in a range of 8.15 per cent and 8.00 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 46,665 crore in 24 bids at the one-day repo auction at a fixed rate of 8.00 per cent,while sold securities worth Rs 15 crore from 1 bid at the one-day reverse repo auction at a fixed rate of 7 per cent.

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