Business Standard

Bonds weaken, call rates rule stable

Image

Press Trust of India Mumbai
Government bonds (G-Secs) weakened on selling pressure from banks and corporates.

While, Interbank call money rate ended stable as demand from borrowing banks match supplies.

The 7.59 per cent government security maturing in 2026 fell to Rs 100.83 from Rs 100.84 previously, while its yield inched up to 7.47 per cent from 7.46 per cent.

The 7.88 per cent government security maturing in 2030 declined to Rs 101.0050 from Rs 101.04 previously, while its yield edged-up to 7.76 per cent from 7.75 per cent.

The 7.59 per cent government security maturing in 2029 eased to Rs 99.33 from Rs 99.39, while its yield moved up to 7.67 per cent from 7.66 per cent.
 

The 8.27 per cent government security maturing in 2020, the 7.68 per cent government security maturing in 2023 and the 7.72 per cent government security maturing in 2025 were also quoted lower at Rs 103.1550, Rs 100.56 and Rs 100.43 respectively.

The overnight call money rates ended stable at its previous level of 6.50 per cent after trading in a range of 6.85 per cent and 6.45 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 211.58 billion in 44-bids at the overnight repo operation at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 13.07 billion from 23-bids at the overnight reverse repo operation at a fixed rate of 6.00 per cent as on May 23.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 24 2016 | 6:48 PM IST

Explore News