Business Standard

Bonds end mixed, call rates remains lower

Image

Press Trust of India Mumbai
Government bonds (G-Secs) ended mixed on alternate bouts of buying and selling.

While, the overnight call money rates remained lower owing to subdued demand from borrowing banks amidst tight liquidity in the banking system.

The 7.72 per cent government security maturing in 2025 rose to Rs 99.8050 from Rs 99.7750 previously, while its yield ruled stable at 7.75 per cent.

The 7.68 per cent government security maturing in 2023 climbed to Rs 98.77 from Rs 98.7625, while its yield held steady at 7.88 per cent.

The 8.40 per cent government security maturing in 2024 moved up to Rs 103.0750 from Rs 103.0625, while its yield ruled stable at 7.91 per cent.
 

However, the 7.88 per cent government security maturing in 2030 declined to Rs 99.9550 from Rs 99.9750, while its yield edged-up to 7.89 per cent from 7.88 per cent.

The 8.12 per cent government security maturing in 2020 eased to Rs 100.7850 from Rs 100.79, while its yield ruled steady at 7.93 per cent.

The overnight call money rates finished lower at 6.30 per cent from yesterday's closing level of 6.50 per cent. It resumed higher at 7.15 and moved in wide range of 7.17 percent and 6.25 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 27.77 billion in a 7-bids at the overnight repo auction at a fixed rate of 7.25 per cent as on today, while it sold securities worth Rs 42.86 billion from 25-bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent as on Sept 02.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 03 2015 | 6:32 PM IST

Explore News