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Mumbai, June 24 (PTI) Government bonds recovered on fresh buying by banks and corporates while call rates continued to rule weak on surfeit of liquidity in the banking system. The 7.80 per cent government security maturing in 2020 rose to Rs 101.58 from Rs 101.30 while its yield declined to 7.57 per cent from 7.60 per cent yesterday. The 8.20 per cent government security maturing in 2022 also shot up to Rs 102.1975 from Rs 101.92, while its yield dropped to 7.91 per cent from 7.94 per cent. The 7.17 per cent government security maturing in 2015 too improved to Rs 99.94 from Rs 99.80 while its yield dipped to 7.18 per cent from 7.22 per cent. The 7.02 government securities maturing in 2016, 8.26 per cent in 2027 and 8.28 per cent in 2032 were quoted higher at Rs 97.12, Rs 100.65 and Rs 100.48, respectively. The overnight call money rate remained weak and today moved down further to settle at 5.20 per cent from 5.30 per cent previously. It moved in a range of 5.50 per cent and 4.00 per cent. The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) mopped up Rs 220 crore from one bid at the one-day reverse repo auction at a fixed rate of 3.75 per cent while purchased securities worth Rs 37,155 crore from 25 bids at the one-day repo auction at a fixed rate of 5.25 per cent.
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