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Bonds ends mixed, call rate remains higher

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

Meanwhile, the overnight call money rates maintained its higher trend at the overnight call money market here today on sustained demand from borrowing banks amidst ample liquidity in the banking system.

The 8.83 per cent 10-year benchmark bond maturing in 2023 fell to Rs 99.90 from Rs 99.9375 previously, while its yield held stable at 8.84 per cent.

The 8.12 per cent government security maturing in 2020 moved-down to Rs 94.60 from Rs 94.65, while its yield edged-up to 9.21 per cent from 9.20 per cent.
 

The 7.28 per cent government security maturing in 2019 also declined to Rs 92.9975 from Rs 93.04, while its yield inched-up to 8.98 per cent from 8.97 per cent.

However, the 8.28 per cent government security maturing in 2027 gained to Rs 92.42 from Rs 92.40, while, its yield edged-down to 9.27 per cent from 9.28 per cent.

The 6.07 per cent government security maturing in 2014 edged-up to Rs 99.4025 from Rs 99.40, while, its yield climbed to 9.07 per cent from 9.04 per cent.

The 9.20 per cent government security maturing in 2030 also gained to Rs 99.70 from Rs 99.65, while its yield inched down to 9.23 per cent from 9.24 per cent.

The overnight call money rate ended higher at 8.50 per cent from 7.10 per cent yesterday. It moved in a wide range of 9.00 per cent and 7.65 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 22.70 billion in 7-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while sold securities worth Rs 105.52 billion from 24-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent last evening.

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First Published: Mar 05 2014 | 6:37 PM IST

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