Government bonds remain up on good demand, call rate ends higher

Borrowing banks

The Government securities (G-Sec) remained up on consistent demand from banks and corporates, while the call money rates finished higher at the overnight call money market here today due to fresh demand from borrowing banks.

The 8.33 per cent G-Sec maturing in 2026 surged to Rs 100.79 from Rs 100.7475 last Friday, while its yield inched down to 8.23 per cent from 8.24 per cent.

The 8.20 per cent G-Sec maturing in 2025 climbed to Rs 99.81 from Rs 99.7525, while its yield edged down to 8.22 per cent from 8.23 per cent.

The 8.15 per cent G-Sec maturing in 2022 also gained to Rs 100.0575 from Rs 99.0475, while its yield held steady at 8.14 per cent.

The 8.19 per cent G-Sec maturing in 2020, the 8.07 per cent maturing in 2017 and the 8.83 per cent maturing in 2041 also quoted higher at Rs 100.07, Rs 99.99 and Rs 104.8975, respectively.

The Overnight call money rate finished higher at 8.10 per cent from previous close of 8.05 per cent. It moved in a range of 8.15 per cent and 7.80 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,463.00 billion in 41 bids at the one-day repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 0.10 billion in one-bid at the 1-day reverse repo auction at a fixed rate of 7 per cent in the evening auction.

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