Millennium Post

Govt securities recover on high demand

The government securities (G-Sec) recovered on good buying support from banks and corporates, while call rates also rebounded at the overnight call money market here on Monday on fresh demand from borrowing banks.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 100.03 from Rs 99.72 last Friday, while its yield declined 8.32 per cent from 8.36 per cent.

The 8.15 per cent G-Sec maturing in 2022 surged to Rs 99.7950 from 99.65, while its yield moved down to 8.18 per cent from 8.20 per cent.

The 8.97 per cent G-Sec maturing in 2030 also rose to Rs 103.87 from 103.6825, while its yield eased to 8.54 per cent from 8.56 per cent.

The 8.07 per cent G-Sec maturing in 2017, the 8.19 per cent maturing in 2020 and the 9.15 per cent maturing in 2024 also quoted higher at Rs 99.5125, Rs 99.52 and Rs 105.92, respectively.

The overnight call money rate ended higher at 8.10 per cent, it moved in a range of 8.10 per cent and 7.95 per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 432.50 billion in 21 bids at the one-day repo auction at a fixed rate of 8.00 per cent.
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