G-secs decline while call rate eases

The government securities (G-Sec) declined on fresh selling pressure from banks and corporates while call rates eased at the overnight money market here today due to lack of demand from borrowing banks.

The 8.79 per cent (G-Sec) maturing in 2021 moved down further to Rs 103.05 from Rs 103.2250 yesterday, while its yield edged up to 8.32 per cent from 8.30 per cent.

 

The 9.15 per cent (G-Sec) maturing in 2024 dropped to Rs 106.17 from Rs 106.24, while its yield inched up to 8.35 per cent from 8.34 per cent.

The 8.19 per cent (G-Sec) maturing in 2020 fell to Rs 99.04 from Rs 99.17, while its yield looked up to 8.36 per cent from 8.33 per cent.

 

The 7.83 per cent (G-Sec) maturing in 2018, the 8.13 per cent (G-Sec) maturing in 2022 and the 8.28 per cent (G-Sec) maturing in 2027 were also quoted lower at Rs 97.35, Rs 98.10 and Rs 97.81, respectively.

The overnight call money rate finished slightly lower at 8.80 per cent from yesterday's close of 8.85 per cent. It moved in a range of 8.90 per cent and 8.70 per cent.

 

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,23,090 crore from 50 bids at the one-day repo auction at a fixed rate of 8.50 per cent.

Posted in: