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Bonds slip, call rate ends stable

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Press Trust of India Mumbai
The government bond prices slipped on the back of fresh selling pressure from banks and corporates amidst profit-taking by market participants.

Meanwhile, the Overnight call money rates ended stable at the money market due to alternate bouts of buying and selling.

The 8.83 per cent 10-year benchmark bond maturing in 2023 dropped to Rs 100.61 from Rs 100.71, while its yield moved up to 8.73 per cent from 8.71 per cent.

The 8.40 per cent government security maturing in 2024 fell to Rs 99.1175 from Rs 99.20, while yield edged-up to 8.53 per cent as against 8.52 per cent.

The 8.28 per cent government security maturing in 2027 also declined to Rs 95.72 from Rs 95.80, while yield inched-up to 8.84 per cent from 8.83 per cent.
 

The 8.12 per cent government security maturing in 2020, the 8.27 per cent government security maturing in 2020, the 8.35 per cent government security maturing in 2022 and 8.32 per cent government security maturing in 2032 were also quoted lower at Rs 97.2425, Rs 98.50, Rs 97.57 and Rs 95.70, respectively.

The overnight call money rates ended stable at 7.00 per cent as against last Thursday's close. It moved in a wide range of 8.30 per cent and 6.75 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 192.20 billion in 49-bids at the one day repo auction at a fixed rate of 8.00 per cent, while it sold securities worth Rs 18.44 billion from 9-bids at the 5-days reverse repo auction at a fixed rate of 7.00 per cent, yesterday evening.

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First Published: Aug 19 2014 | 7:47 PM IST

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