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This is an archive article published on September 20, 2012

Government Bond rates improves further on sustained demand,call rate higher

The government securities (G-Sec) firmed up further on good buying support from banks.

The government securities (G-Sec) firmed up further on good buying support from banks and corporates,while call rates also remained higher at the overnight call money market here today on steady demand from borrowing banks.

The 8.33 per cent G-Sec maturing in 2026 surged to Rs 100.4025 from Rs 100.27 previously,while its yield inched down to 8.28 per cent from 8.29 per cent.

The 8.15 per cent G-Sec maturing in 2022 climbed to Rs 99.91 from 99.8775,while its yield edged down to 8.16 per cent from 8.17 per cent.

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The 8.19 per cent G-Sec maturing in 2020 also rose to Rs 99.6350 from 99.5650,while its yield moved down to 8.25 per cent from 8.27 per cent.

The 8.97 per cent G-Sec maturing in 2030,the 8.07 per cent maturing in 2017 and the 9.15 per cent maturing in 2024 also quoted higher at Rs 104.37,Rs 99.60 and Rs 105.88 respectively.

The overnight call money rate finished higher at 8.08 per cent from 8.05 per cent previously,it moved in a range of 8.10 per cent and 8.00 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 852.95 billion in 31 bids at the one-day repo auction at a fixed rate of 8.00 per cent.

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