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Call rates decline further, bonds end narrowly mixed

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Press Trust of India Mumbai
Last Updated : Jul 21 2015 | 6:42 PM IST
Call rates dropped further on lack of demand from borrowing banks amidst good funds while government bond (G-Sec) prices finished narrowly mixed due to eneven demand and supply transactions.
Interbank call money rate finished lower to 6.40 per cent from 7.15 per cent previously on the back of adequate liquidity conditions in the banking system.
The 10-year benchmark bond 7.72 per cent maturing in 2025 moved up to Rs 99.2000 from Rs 99.1650, while its yield ruled steady at 7.84 per cent.
The 8.27 per cent government security maturing in 2020 moved up to Rs 100.9875 from Rs 100.9600 while its yield eased to 8.02 per cent.
The 7.68 per cent government security maturing in 2023 moved up to Rs 97.8150 from Rs 97.70, while its yield eased to 8.04 from 8.06 per cent.
However, the 8.40 per cent government security maturing in 2024 eased to Rs 102.3875 from 102.4000 while its yield ruled steady at 8.02 per cent.
The 8.15 per cent government secuirty maturing in 2026 eased to Rs 100.14 from Rs 100.15 while its yield ruled steady at 8.13 per cent.
Meanwhile, the Reserve Bank of India, under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 76.33 billion in 20 bids at overnight repo auction at a fixed rate of 7.25 per cent this morning, while its sold securities worth Rs 29.39 billion from 15 bids at the reverse repo auction at a fixed rate of 6.25 per cent yesterday.

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First Published: Jul 21 2015 | 6:42 PM IST

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