Government securities (G-Secs) ended narrowly mixed on alternate bouts of buying and selling.
The 8.79 per cent G-Sec maturing in 2021 moved down further to Rs 103.64 from yesterday’s close of Rs 103.68, while its yield held steady at 8.23 per cent. The 7.83 per cent G-sec maturing in 2018 eased to Rs 97.67 from Rs 97.68, while its yield was ruled steady at 8.32 per cent. The 8.19 per cent G-sec maturing in 2020, the 7.94 per cent G-sec maturing in 2021 and the 8.28 per cent G-sec maturing in 2027 were also quoted lower at Rs 99.40, Rs 98.14 and Rs 97.90, respectively. However, the 9.15 per cent G-Sec maturing in 2024 rose to Rs 106.64 from Rs 106.56, while its yield softened to 8.29 per cent from 8.30 per cent.
The 8.97 per cent G-Sec maturing in 2030 and the 8.83 per cent G-sec maturing in 2041 also ended higher at Rs 103.65 and Rs 102.46, respectively.
The Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 87,420 crore from 44 bids at the one-day repo auction at a fixed rate of 8.50 per cent, while it sold securities worth Rs 2,000 crore from one bid at the one-day reverse repo auction at 7.50 per cent.
Call rate firms up
The call rate firmed up further at the overnight call money market here on Tuesday, owing to sustained demand from borrowing banks. The rate closed higher at nine per cent, compared with Monday’s close of 8.75 per cent. It moved in a range of 9.05 per cent and 8.65 per cent.
