Government securities (G-sec) remained mixed on bouts of buying and selling. The 7.16 per cent government security maturing in 2023 climbed to Rs 93.47 from Rs 93.09 on Tuesday, while its yield dropped at 8.14 per cent from 8.20 per cent. The 8.20 per cent government security maturing in 2025 moved up to Rs 96.74 from Rs 96.73, while its yield held steady at 8.64 per cent.
However, the 8.33 per cent government security maturing in 2026 fell to Rs 97.66 from Rs 97.80, while its yield moved up to 8.63 per cent from 8.61 per cent.
The 8.12 per cent government security maturing in 2020 eased by Rs 97.23 from Rs 97.28, while its yield gained to 8.63 per cent from 8.62 per cent. Bond dealers are hoping measures from the government would help boost inflows, supporting the rupee and reducing the need for the central bank to further tighten cash in a bid to defend the currency.
Call rates finish higher
Call money rates finished higher at the overnight market here on Wednesday, due to good demand from borrowing banks.
The rates finished higher at 10.20 per cent from 10 per cent previously. It moved in a range of 10.30 per cent and 9.35 per cent.
RBI under the Liquidity Adjustment Facility purchased securities worth Rs 37,106 crore in 60 bids at the one-day repo auction at a fixed rate of 7.25 per cent, while it sold securities worth Rs 352 crore in four bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent.
However, the 8.33 per cent government security maturing in 2026 fell to Rs 97.66 from Rs 97.80, while its yield moved up to 8.63 per cent from 8.61 per cent.
The 8.12 per cent government security maturing in 2020 eased by Rs 97.23 from Rs 97.28, while its yield gained to 8.63 per cent from 8.62 per cent. Bond dealers are hoping measures from the government would help boost inflows, supporting the rupee and reducing the need for the central bank to further tighten cash in a bid to defend the currency.
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Hopes have also been kindled by the appointment of former International Monetary Fund chief economist Raghuram Rajan as the Reserve Bank of India (RBI) governor, widely perceived as market-friendly and relatively dovish in his monetary policy outlook.
Call rates finish higher
Call money rates finished higher at the overnight market here on Wednesday, due to good demand from borrowing banks.
The rates finished higher at 10.20 per cent from 10 per cent previously. It moved in a range of 10.30 per cent and 9.35 per cent.
RBI under the Liquidity Adjustment Facility purchased securities worth Rs 37,106 crore in 60 bids at the one-day repo auction at a fixed rate of 7.25 per cent, while it sold securities worth Rs 352 crore in four bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent.