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Bonds drop further, call rates end steady

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Press Trust of India Mumbai
Last Updated : Jan 18 2016 | 6:57 PM IST
Government bonds (G-Secs)dropped further on sustained selling pressure from banks and corporates, while the overnight call money rates ended stable owing to alternate bouts of buying and selling.
The 7.88 per cent government security maturing in 2030 moved down to Rs 98.7150 from Rs 99.72 previously and the 7.72 per cent government security maturing in 2025 fell to Rs 99.39 from Rs 99.42, while its yields remained stable to 8.03 per cent and 7.81 per cent respectively.
The 7.59 per cent government security maturing in 2029 fell to Rs 97.31 from Rs 97.4650, while its yield edged up to 7.92 per cent from 7.90 per cent.
The 8.27 per cent government security maturing in 2020 declined to Rs 102.1625 from Rs 102.17, while its yield remained stable to 7.68 per cent.
The 7.68 per cent government security maturing in 2023, the 7.59 per cent government security maturing in 2026 and the 7.35 per cent government security maturing in 2024 were also quoted lower to Rs 99.24, Rs 99.45 and Rs 96.9350, respectively.
The overnight call money rates ended stable at its last weekend's level of 6.90 per cent after trading in a tight range of 7.15 per cent and 6.70 per cent.
Meanwhile, the Reserve Bank under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 230.33 billion in a 51-bids at the overnight repo auction at a fixed rate of 6.75 per cent as on today, while it sold securities worth Rs 24.86 billion from 17-bids at the one-day overnight reverse repo auction at a fixed rate of 5.75 per cent as on January 16.

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First Published: Jan 18 2016 | 6:57 PM IST

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