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Bond prices dip on selling pressure

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Agencies Mumbai
Last Updated : Jun 13 2013 | 11:56 PM IST
Government securities (G-sec) ended lower on selling pressure from banks and companies. The 8.33 per cent G-sec maturing in 2026 dropped to Rs 106.85 from Rs 107.06 yesterday, while its yield climbed to 7.50 per cent from 7.47 per cent.

The 8.20 per cent G-sec maturing in 2025 declined to Rs 105.53 from Rs 105.80, while its yield moved up to 7.50 per cent from 7.47 per cent. The 8.15 per cent G-sec maturing in 2022 also slipped to Rs 103.87 from Rs 104.17, while its yield gained to 7.55 per cent from 7.50 per cent.

The 8.07 per cent G-sec maturing in 2017, the 8.97 per cent maturing in 2030 and the 8.12 per cent maturing in 2020 also dipped to Rs 101.95, Rs 112.62 and Rs 103.70, respectively.

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<b>Call rates finish higher</b>
The call money rates finished higher at the overnight money market here today on sustained demand from borrowing banks.

The rate finished higher at 7.30 per cent from 7.25 per cent yesterday.

It moved in a range of 7.35 per cent and 7.15 per cent.

The Reserve Bank of India under the liquidity adjustment facility purchased securities worth Rs 44,985 crore in 21 bids at the one-day repo auction at a fixed rate of 7.25 per cent.

It sold securities worth Rs 95 crore in three bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent.

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First Published: Jun 13 2013 | 11:40 PM IST

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