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Bonds decline, call rates turn lower

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Press Trust of India Mumbai
Government bonds (G-Secs) declined on selling pressure from banks and corporates and the Interbank call rates also turned lower due to lack of demand from borrowing banks amid ample liquidity in the banking system.

The 7.59 per cent government security maturing in 2026 dipped to Rs 105.2100 from Rs 105.37 previously, while its yield rose to 6.82 per cent from 6.80 per cent.

The 7.59 per cent government security maturing in 2029 slipped to Rs 105.42 from Rs 105.62, while its yield edged up to 6.93 per cent from 6.91 per cent.

The 7.61 per cent government security maturing in 2030 eased to Rs 106.21 from Rs 106.3975, while its yield went up to 6.90 per cent from 6.88 per cent.
 

The 7.88 per cent government security maturing in 2030, the 6.97 per cent government security maturing in 2026 and the 7.68 per cent government security maturing in 2023 also quoted lower at Rs 107.79, Rs 101.94 and Rs 104.95, respectively.

The overnight call money rates ended lower at 6.20 per cent from Wednesday's level of 6.25 per cent. It resumed stable at 6.25 per cent and moved in a range of 6.25 per cent and 6.15 per cent.

Meanwhile, Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 28.01 billion in 6-bids at the overnight repo auction at a fixed rate of 6.25 per cent today morning, while it sold securities worth Rs 51.00 billion in 29-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on October 5.

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First Published: Oct 06 2016 | 6:42 PM IST

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