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Bonds ends mixed, call rate finishes higher

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Press Trust of India Mumbai
The government bond (G-Sec) ended mixed on alternate bouts of buying and selling.

Meanwhile, the overnight call money rate recovered on good demand from borrowing banks amid tight liquidity in the banking system.

The 8.83 per cent 10-year benchmark bond maturing in 2023 fell to Rs 100.5650 from Rs 100.65, while its yield moved up by 8.74 per cent from 8.72 per cent previously.

The 8.28 per cent government security maturing in 2027 eased to Rs 96.27 from Rs 96.30, while its yield held stable at 8.76 per cent.

The 8.35 per cent government security maturing in 2022 also looked down to Rs 97.6650 from Rs 97.6750, while its yield inched-up to 8.77 per cent from 8.76 per cent.
 

However, the 8.60 per cent government security maturing in 2028, gained to Rs 99.99 from Rs 99.85, while its yield moved down to 8.60 per cent from 8.62 per cent.

The 7.28 per cent government security maturing in 2019 moved up to Rs 94.82 from Rs 94.80, while its yield held steady at 8.60 per cent.

The 9.20 per cent government security maturing in 2030 also climbed to Rs 104.00 from Rs 103.85, while its yield eased to 8.73 per cent from 8.75 per cent.

The overnight call money rates ended slightly higher at 7.05 per cent from yesterday's level of 7.01 per cent. It moved in a wide range of 8.35 per cent and 6.90 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 208.37 billion in 54-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 65.91 billion from 18-bids at the 1-day reverse repo auction at a fixed rate of 7.00 percent yesterday evening.

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First Published: Jul 17 2014 | 6:22 PM IST

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