Tags:
Journalism of Courage
The government securities (G-Sec) firmed up on good buying supports from banks and corporates while call rate declined on the overnight call money market here today due to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 8.79 per cent (G-Sec) maturing in 2021 hardened further to Rs 102.5750 from Rs 102.45 yesterday,while its yield moved down to 8.39 per cent from 8.41 per cent.
The 9.15 per cent (G-Sec) maturing in 2024 rose to Rs 105.77 from Rs 105.51,while its yield declined to 8.40 per cent from 8.43 per cent.
The 8.19 per cent (G-Sec) maturing in 2020 moved up to Rs 98.57 from Rs 98.5450,while its yield held steady at 8.44 per cent.
The 7.83 per cent (G-Sec) maturing in 2018,the 6.85 per cent (G-sec) maturing in 2012,the 8.30 per cent (G-sec) maturing in 2040 and the 8.83 per cent (G-sec) maturing in 2041 were also quoted higher at Rs 96.92,Rs 99.89,Rs 96.55 and Rs 101.99,respectively.
The overnight call money rate finished lower at 8.75 per cent from yesterday’s closing level of 9.00 per cent. It moved in a range of 9.80 per cent and 8.75 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,48,820 crore from 59 bids at the one-day repo auction at a fixed rate of 8.50 per cent while sold securities worth Rs 1,000 crore from one bid at the one-day reverse repo auction at a fixed rate of 7.50 per cent.
