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Govt bonds and call rates rise

Government bonds (G-Secs) rose following rising demand from ..

Government bonds (G-Secs) rose following rising demand from corporates and banks.

The overnight call money rates also finished higher due to good demand from borrowing banks amid tight liquidity in the banking system.

The 7.17 per cent 10-year benchmark bond maturing in 2018 climbed to Rs 95.31 from Rs 95.23 previously, while its yield softened to 7.88 per cent from 7.89 per cent.

The 6.68 per cent government security maturing in 2031 surged to Rs 88.95 from Rs 88.82, while its yield edged down to 8.05 per cent from 8.07 per cent.

The 7.80 per cent government security maturing in 2021 firmed up to Rs 100.30 from Rs 100.18, while its yield eased to 7.67 per cent from 7.72 per cent.

The 8.15 per cent government security maturing in 2022 gained to Rs 100.80 from Rs 100.70, while its yield moved down to 7.91 per cent from 7.94 per cent.

However, the 6.84 per cent government security maturing in 2022 declined to Rs 95.95 from Rs 95.9975, while its yield edged up to 7.93 per cent from 7.91 per cent.

The overnight call money rates ended higher at 6.25 per cent from last Friday's level of 6.10 per cent. It resumed higher at 6.25 per cent and moved in a range of 6.35 per cent and 6.00 per cent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 61.96 billion in 11-bids at the overnight repo operations at a fixed rate of 6.25 per cent as on today, while, its sold securities worth Rs 81.02 billion in 43-bids at the 3-days reverse repo auction at a fixed rate of 6.00 per cent as on Jun 15. PTI BPD BPD

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