Bonds recover, call rates end higher - News Summed Up

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Bonds recover, call rates end higher


It resumed higher at 6.65 and moved in a range of 6.75 and 6.25 per cent.Meanwhile, the Reserve Bank of India ( RBI ), under the Liquidity Adjustment Facility ( LAF ), purchased securities worth Rs 205.33 billion in 40-bids, for 1-day at the overnight repo operation at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 25.44 billion from 18-bids for 1-day reverse repo operation at a fixed rate of 6.00 per cent as on May 9. MUMBAI: Government bonds ( G-Secs ) ended mixed in thin trade following alternate bouts of buying and selling while, the overnight call money rate remained higher at the money market due to persistent demand from borrowing banks amid tight liquidity in the banking system.The 7.88 per cent government security maturing in 2030 edged-up to Rs 101.2025 from Rs 101.20 previously, while its yield held stable at 7.74 per cent.The 7.59 per cent government security maturing in 2029 rose to Rs 99.7025 from Rs 99.6975, while its yield edged-down to 7.62 per cent from 7.63 per cent.The 7.68 per cent government security maturing in 2023 gained to Rs 100.6050 from Rs 100.5950, while its yield ruled steady at 7.57 per cent.However, the 7.59 per cent government security maturing in 2026 fell to Rs 101.0925 from Rs 101.11, while its yield edged-up to 7.43 per cent from 7.42 per cent.The 7.72 per cent government security maturing in 2025, declined to Rs 100.71 from Rs 100.75, while its yield inched-up to 7.61 per cent from 7.60 per cent.The 7.61 per cent government security maturing in 2030 moved down to Rs 100.1425 from Rs 100.1450, while its yield ruled steady at 7.59 per cent.The overnight call money rates ended higher at 6.50 from Monday's level of 6.45 per cent.


Source: Economic Times May 10, 2016 07:26 UTC



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