Government securities (G-sec) firmed up on good buying support from banks and corporates. The 8.79 per cent (G-sec) maturing in 2021 shot up to Rs 101.89 from the overnight close of Rs 101.7, while its yield moved down to 8.49 per cent from 8.52 per cent.
The 9.15 per cent (G-sec) maturing in 2024 rose to Rs 104.6 from Rs 104.5, while its yield softened to 8.54 per cent from 8.55 per cent. The 8.19 per cent (G-sec) maturing in 2020 hardened to Rs 98.7 from Rs 98.6, while its yield eased to 8.42 per cent from 8.44 per cent. The 8.28 per cent (G-sec) maturing in 2027, the 8.97 per cent (G-sec) maturing in 2030, the 8.24 per cent (G-sec) maturing in 2018 and the 8.08 per cent (G-sec) maturing in 2022 also ended higher at Rs 96, Rs 101.4, Rs 98.9 and Rs 97.2, respectively.
Call rates recover
Call rates recovered at the overnight money market here today due to fresh demand from borrowing banks amid scarcity of liquidity in the banking system.
The rate finished higher at 8.2 per cent from yesterday’s closing level of of 7.8 per cent. It moved in a range of 8.3 per cent and 7.8 per cent. The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 90,010 crore from 41 bids at the one-day repo auction at a fixed rate of eight per cent while sold securities worth Rs 400 crore from one bid at the one-day reverse repo auction at a fixed rate of seven per cent.