Bond prices firm up, call rate improves
Mumbai: Government bond prices firmed up due to fresh demand from banks and corporates and call rates also ended higher at 3.50 per cent on the overnight call money market here on Wednesday owing to good demand from borrowing banks.
The overnight call money rate finished higher at 3.50 per cent as against 3.35 per cent yesterday, after moving in a wide range of 4.50 per cent and 3.00 per cent.
The 7.02 per cent government security maturing in 2016 shot up to Rs 97.85 from Rs 97.65 yesterday, while its yield moved down to 7.43 per cent from 7.47 per cent.
The 6.90 per cent government security maturing in 2019 firmed up to Rs 94.75 from Rs 94.55 while its yield fell to Rs 6.69 per cent from 7.72 per cent.
The 8.28 per cent government security maturing in 2032 rose to Rs 99.90 from Rs 99.70 while its yield looked down to Rs 8.29 per cent from Rs 8.31 per cent.
The 6.35 per cent government security maturing in 2020, the 8.24 per cent government security maturing in 2027 and the 6.49 per cent government security maturing in 2015 were also quoted higher at Rs 91.40, Rs 100.00 and Rs 95.84, respectively.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) mopped up Rs 65,575 crore from 41 bids at the one day reverse repo auction at the rate of 3.25 per cent.
More from India
More from World
More from Sports
More from Entertaiment
- Indian- Americans launch online petition to declare Pakistan 'sponsor of terrorism'
- Panel discussion over PM Modi's willingness to engage in direct dialogue with Pak
- PM Modi slams Pakistan govt during his speech in Kozhikode
- EU warns Pakistan of political and economic sanctions over atrocities in Baloch
- Should Pakistani artists be restricted from working in India?
- SHOCKING VIDEO: This man was trying to take selfie with python - You won't believe what happened next!
- Call up this number and get Reliance Jio's SIM for sure
- WATCH: Ravichandran Ashwin's magic ball that bamboozled Kane Williamson on Day 3
- Uri effect? India, Afghanistan bypass Pak to set up exclusive air corridor
- Govt calls meet on Indus Water Treaty; Water Resources Ministry, MEA to brief PM Modi