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Journalism of Courage
The government securities (G-Sec) ended mixed on alternate bouts of buying and selling.
While call rates at the overnight as well as 3-days call money market declined today due to lack of demand from borrowing banks.
The 8.33 per cent G-Sec maturing in 2026 gained to Rs 100.43 from Rs 100.4025 yesterday,while its yield edged down by 8.27 per cent from 8.28 per cent.
The 8.07 per cent G-sec maturing in 2017 moved up to Rs 99.61 from Rs 99.60,while its yield held steady at 8.17 per cent.
However,the 8.15 per cent G-sec maturing in 2022 fell to Rs 99.8750 from Rs 99.91,while its yield inched up to 8.17 per cent from 8.16 per cent.
The 8.19 per cent G-sec maturing in 2020 also declined to Rs 99.61 from Rs 99.6350,while its yield gained 8.26 per cent from Rs 8.25 per cent.
The 8.97 per cent G-sec maturing in 2030 slipped toRs 104.34 from Rs 104.37,while its yield held stable at 8.49 per cent.
The call money rate finished lower at 7.95 per cent from yesterday’s closing level of 8.08 per cent. It moved in a range of 8.10 per cent and 7.95 per cent and three day call money also ended down at 7.95 per cent from 8.00 per cent last Friday,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 491.85 billion in 23 bids at the three-days repo auction at a fixed rate of 8.00 per cent,while sold securities worth Rs 10.60 billion from 7 bids at the 3-day reverse repo auction at a fixed rate of 7.00 per cent.
