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Bonds slips, call rates ends lower

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Press Trust of India Mumbai
The government bond (G-Sec) prices slipped on fresh selling from banks and corporates.

The overnight call money rate ended lower due to lack of demand from borrowing banks.

The 8.83 per cent 10-year benchmark bond maturing in 2023 dropped to Rs 100.6050 from Rs 100.80, while its yield moved up to 8.73 per cent from 8.70 previously.

The 8.12 per cent government security maturing in 2020 declined to Rs 97.05 from Rs 97.10, while yield edged up to 8.73 per cent from 8.71 per cent.

The 8.28 per cent government security maturing in 2027 dipped to Rs 95.95 as compared to Rs 96.13, while yield gained to 8.80 per cent from 8.78 per cent.
 

The 8.60 per cent government security maturing in 2028 also fell to Rs 99.50 as against Rs 99.7350, while yield climbed to 8.66 per cent from 8.63 per cent.

The 8.35 per cent government security maturing in 2027, 7.80 per cent government security maturing in 2020 and 8.24 per cent government security maturing in 2027 were also quoted lower at Rs 97.66, Rs 95.70 and Rs 95.76, respectively.

The overnight call money rates finished lower at 7.10 per cent from 8.00 per cent yesterday. It moved in wide range of 8.40 per cent and 6.50 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 218.18 billion in 51-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 31.99 billion from 19-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: Jun 26 2014 | 6:32 PM IST

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