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Bonds react downward, call rates end higher

The overnight call money rate finished higher at 7.70 percent from 7.60 percent previously. It moved in a range of 8.00 percent and 7.25 percent.



Mumbai: Government bonds reacted downwards on fresh selling pressure from banks and corporates, while overnight call money rates ended higher at the call money market here Monday owing to fresh demand from borrowing banks.

The 8.15 percent government security maturing in 2022 dropped to Rs 101.70 from Rs 101.8450 last Friday, while its yield moved up to 7.88 percent from 7.86 percent.

The 8.20 percent government security maturing in 2025 dipped to Rs 101.70 from Rs 101.82, while its yield edged up to 7.98 percent from 7.97 percent.

The 8.33 percent government security maturing in 2026 slid to Rs 102.80 from Rs 102.93, while its yield inched up 7.98 percent from 7.97 percent.

The 8.07 percent government security maturing in 2017, the 8.12 percent government security maturing in 2020 and 7.83 percent government security maturing in 2018 were also quoted lower at Rs 100.91, Rs 101.73 and Rs 99.73, respectively.

The overnight call money rate finished higher at 7.70 percent from 7.60 percent previously. It moved in a range of 8.00 percent and 7.25 percent.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 1,426.95 billion in 48 bids at the one-day repo auction at a fixed rate of 7.75 percent and sold securities worth Rs 0.25 billion in one-bid at the 1-day reverse repo auction at a fixed rate of 6.75 percent in the evening auction.

PTI

From Zee News

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