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This is an archive article published on August 2, 2012

Bonds firm up on sustained demand,call rate steady

The government securities (G-Sec) firmed up on sustained demand from banks and corporates,while overnight call money rates closed stable as demand from borrowing banks matched supplies.

The government securities (G-Sec) firmed up on sustained demand from banks and corporates,while overnight call money rates closed stable as demand from borrowing banks matched supplies.

The 8.15 per cent G-Sec maturing in 2022 climbed to Rs 99.5150 from Rs 99.45 yesterday,while its yield edged down 8.22 per cent from 8.23 per cent.

The 9.15 per cent G-Sec maturing in 2024 surged to Rs 105.7350 from 105.69,while its yield moved down to 8.39 per cent from 8.40 per cent.

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The 8.19 per cent G-Sec maturing in 2020 also moved up to Rs 99.4550 from 99.42,while its yield also held stable at 8.29 per cent.

The 8.33 per cent G-Sec maturing in 2026,the 8.07 per cent maturing in 2017 and the 8.33 per cent maturing in 2036 also quoted higher at Rs 99.60,Rs 99.65 and Rs 97.08,respectively.

The overnight call money rate finished stable at 8.00 per cent,it moved in a range of 8.10 per cent and 7.90 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 26,015 crore in 18 bids at the one-day repo auction at a fixed rate of 8.00 per cent.

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