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Bonds recovers, call rates remain higher

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Press Trust of India Mumbai
The government bond (G-Sec) recovered on fresh buying support from banks and corporates.

The overnight call money rate remained higher due to sustained demand from borrowing banks.

The 8.83 per cent 10-year benchmark bond maturing in 2023 climbed to Rs 100.8475 from Rs 100.36, while its yield slipped to 8.69 per cent from 8.77 per cent previously.

The 8.60 per cent government security maturing in 2028 shot-up to Rs 100.1950 from Rs 99.78, while its yield eased to 8.57 per cent from 8.63 per cent.

The 8.35 per cent government security maturing in 2022 also rose to Rs 97.90 from Rs 97.55, while its yield fell to 8.72 per cent from 8.79 per cent.
 

The 8.27 per cent government security maturing in 2020, 8.12 per cent government security maturing in 2020 and the 7.28 per cent government security maturing in 2019 were also quoted higher at Rs 98.81, Rs 97.38 and Rs 95.02, respectively.

The overnight call money rates ended higher at 9.05 per cent from last Friday's level of 7.75 per cent. It moved in range of 9.30 per cent and 7.85 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 216.77 billion in 57-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 19.61 billion from 8-bids at the 3-days reverse repo auction at a fixed rate of 7.00 per cent last Friday.

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First Published: Jul 21 2014 | 6:45 PM IST

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