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Bonds gain, call rates rule stable

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Press Trust of India Mumbai
Government bonds (G-Sec) prices gained following good buying support from banks and corporates.

However, interbank call money rates remained steady as demand from borrowing banks match supplies.

The 7.59 per cent 10-year benchmark bond maturing in 2026 rose to Rs 103.51 from Rs 103.42, while its yield inched down to 7.07 per cent from 7.08 per cent.

The 7.59 per cent government security maturing in 2029 climbed to Rs 103.6750 from Rs 103.63, while its yield edged down to 7.14 per cent from Rs 7.15 per cent.

The 7.61 per cent government security maturing in 2030 went-up to Rs 104.60 from Rs 104.5925, while its yield held stable to 7.08 per cent.
 

The 7.88 per cent government security maturing in 2030, the 7.68 per cent government security maturing in 2023 and the 7.72 per cent government security maturing in 2025 also quoted higher to Rs 106.20, Rs 103.56 and Rs 103.82 respectively.

The overnight call money rates ended stable at its previous level of 6.45 per cent after trading in a range of 6.65 per cent and 6.45 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 56.21 billion in 13-bids at the overnight repo auction at a fixed rate of 6.50 per cent today morning, while it sold securities worth Rs 64.81 billion in 24-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on September 14.

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First Published: Sep 15 2016 | 6:28 PM IST

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