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This is an archive article published on April 18, 2012

Bonds settle mixed,call rate declines further

The government securities (G-Sec) settled mixed on alternate bouts of buying and selling while call rate declined further at the overnight call money market here today due to lack of demand from borrowing banks.

The government securities (G-Sec) settled mixed on alternate bouts of buying and selling while call rate declined further at the overnight call money market here today due to lack of demand from borrowing banks.

The 8.79 per cent G-Sec maturing in 2021 reacted downwards to Rs 102.7925 from yesterday’s close of Rs 102.91,while its yield moved up to 8.36 per cent from 8.34 per cent.

The 9.15 per cent G-sec maturing in 2024 dropped to Rs 105.4175 from Rs 105.62,while its yield looked up to 8.44 per cent from 8.42 per cent.

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The 8.19 per cent G-sec maturing in 2020,the 8.97 per cent G-sec maturing in 2030 and the 7.83 per cent G-sec maturing in 2018 also quoted lower at Rs 99.05,Rs 102.69 and Rs 97.33,respectively.

However,the 7.80 per cent G-Sec maturing in 2021 moved up to Rs 96.10 from Rs 96.05,while its yield softened to 8.43 per cent from 8.44 per cent

The 8.28 per cent G-Sec maturing in 2027 and the 8.24 per cent G-Sec maturing in 2018 also also quoted higher at Rs 97.15 and 99.21,respectively.

The overnight call money rate finished lower at 8.35 per cent from yesterday’s level of 8.50 per cent. It moved in a range of 8.50 per cent and 8.00 per cent.

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The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,01,480 crore from 42 bids at the one-day repo auction at a fixed rate of 8.00 per cent.

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