Government bonds continue to rule firm, call rate ends lower

Jan 04 2013, 21:04 IST
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The Reserve Bank of India The Reserve Bank of India
SummaryThe 8.33 per cent G-Sec maturing in 2026 climbed to Rs 102.5850 from Rs 102.30, while its yield fell to 8.01 per cent from 8.05 per cent.

The Government securities (G-Sec) continued to rule firm on sustain buying support from banks and corporates, while the call money rates declined further at the overnight call money market here today owing to lack of demand from borrowing banks.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 102.5850 from Rs 102.30, while its yield fell to 8.01 per cent from 8.05 per cent.

The 8.15 per cent G-Sec maturing in 2022 gained to Rs 101.4275 from previous level of Rs 101.19, while its yield declined to 7.93 per cent from 7.97 per cent.

The 8.20 per cent G-Sec maturing in 2025 also advanced to Rs 101.60 from Rs 101.2950, while its yield moved down to 7.99 per cent from 8.03 per cent.

The 8.07 per cent G-Sec maturing in 2017-Jul, the 8.97 per cent maturing in 2030 and the 8.19 per cent maturing in 2020 were also quoted higher at Rs 100.7850, Rs 108.0725 and Rs 101.21, respectively.

The Overnight call money rate ended lower at 7.80 per cent from Thursday's close of 7.98 per cent. It moved in a range of 8.10 per cent and 7.80 per cent, while the three-day call money rate ended higher at 8.05 per cent from 7.90 per cent last Friday. It moved in a range of 8.15 per cent and 7.90 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 608.60 billion in 22 bids at the three-days repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 9.05 billion in two-bids at the 3-days reverse repo auction at a fixed rate of 7 per cent in the evening auction.

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