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Bonds rebound, call rates finish lower

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Press Trust of India Mumbai
Government bonds (G-Secs) rebounded on renewed buying support from banks and corporates.

The overnight call money rates however finished lower due to subdued demands from borrowing banks amid ample liquidity in the banking system.

The 7.72 per cent government security maturing in 2025 gained to Rs 100.00 from Rs 99.56 previously, while its yield moved down to 7.72 from 7.79 per cent.

The 7.88 per cent government security maturing in 2030 climbed to Rs 100.0350 from Rs 99.65, while its yield eased to 7.87 per cent from 7.93 per cent.

The 7.68 per cent government security maturing in 2023 went up to Rs 99.56 from Rs 99.2950, while its yield edged down to 7.75 per cent from 7.80 per cent.
 

The 8.27 per cent government security maturing in 2020, the 7.35 per cent government security maturing in 2024 and the 8.40 per cent government security maturing in 2024 were also quoted higher to Rs 101.81, Rs 97.31 and Rs 103.09 respectively.

The overnight call money rates finished lower at 6.30 per cent from Monday's closing level of 7.15 per cent. It resumed lower at 6.85 per cent and moved in a wide range of 7.35 per cent and 6.25 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 147.62 billion in 29 bids at the overnight repo auction at a fixed rate of 6.75 per cent as on today.

It sold securities worth Rs 67.21 billion from 33-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on November 30.

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First Published: Dec 01 2015 | 7:08 PM IST

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