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This is an archive article published on April 27, 2012

Bonds settle mixed,call rate recovers

The government securities (G-Sec) settled mixed on alternate bouts of buying and selling while call rate recovered on the overnight call money market here today due to fresh demand from borrowing banks following limited liquidity in the banking system.

The government securities (G-Sec) settled mixed on alternate bouts of buying and selling while call rate recovered on the overnight call money market here today due to fresh demand from borrowing banks following limited liquidity in the banking system.

The 9.15 per cent G-Sec maturing in 2024 declined further to Rs 103.26 from overnight close of Rs 103.46,while its yield rose to 8.72 per cent from 8.69 per cent.

The 8.24 per cent G-sec maturing in 2018 remained weak to Rs 98.23 from Rs 98.4025,while its yield firmed up to 8.62 per cent from 8.59 per cent.

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The 8.28 per cent G-sec maturing in 2027,the 8.97 per cent G-sec maturing in 2030 and the 7.99 per cent G-sec maturing in 2017 also quoted lower at Rs 95.40,Rs 101.05 and Rs 97.87,respectively.

However,the 8.79 per cent G-Sec maturing in 2021 moved up to Rs 100.91 from Rs 100.8550,while its yield softened to 8.65 per cent from 8.66 per cent.

The 8.19 per cent G-Sec maturing in 2020 also inched up to Rs 97.91 from Rs 97.90,while its yield was steady at 8.56 per cent.

The overnight call money rate finished higher at 8.40 per cent from yesterday’s level of 8.10 per cent. The 3-days call money rate moved in a range of 8.45 per cent and 8.25 per cent before concluding at 8.30 per cent.

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The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,24,925 crore from 55 bids at the three-days repo auction at a fixed rate of 8.00 per cent.

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