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Gilts surge; call rates ends lower

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Press Trust of India Mumbai
The government bonds (G-Secs) prices on fresh buying support from banks and corporates.

While, the overnight call money rate ended lower at the money market owing to lack of demand from borrowing banks amid ample liquidity in the banking system.

The 8.40 per cent government security maturing in 2024 rose to Rs 103.68 as compared to Rs 103.57 yesterday, while its yield moved down to 7.84 per cent from 7.86 per cent.

The 8.60 per cent government security maturing in 2028 climbed to Rs 105.6525 from Rs 105.56, while its yield edged down to 7.91 per cent from 7.92.

The 8.27 per cent government security maturing in 2020 also gained to Rs 101.1850 from Rs 101.0850, while its yield fell to 7.99 per cent from 8.02 per cent.
 

The 8.15 per cent government security maturing in 2026, the 8.83 per cent government security maturing in 2026 and the 9.20 per cent government security maturing in 2030 were also quoted higher at Rs 102.2250, Rs 105.17 and Rs 110.32, respectively.

The overnight call money rates ended lower at 7.50 per cent from Thursday's close of 8.05 per cent and moved in a range of 8.40 and 7.00 per cent, however, the 3-day call money rates finished higher at 8.05 per cent from last Friday's level of 7.10 per cent and moved in a range of 8.25 and 7.50 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 169.86 billion in 444-bids at the 3-days repo auction at a fixed rate of 8.00 per cent today, while it sold securities worth Rs 19.52 billion from 17-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent late yesterday.

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First Published: Jan 09 2015 | 6:42 PM IST

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