Monday, November 29, 1999

Bond firms up on sustained demand, while call rate declines

News posted by www.newsinfoline.com

Mumbai, June 16 (PTI) Government bond prices firmed up further on sustained buying from banks and corporates while call rate ended lower at 5.10 per cent on the overnight call money market here today due to lack of demand from borrowing banks. The 7.80 per cent government security maturing in 2020 rose further to Rs 101.44 from Rs 100.98 yesterday, while its yield slipped to 7.59 per cent from 7.65 per cent. The 8.20 per cent government security maturing in 2022 firmed up to Rs 101.90 from Rs 101.45, while its yield moved down to Rs 7.94 per cent from 8.00 per cent. The 7.17 per cent government security maturing in 2015 moved up to Rs 99.85 from Rs 99.60, while its yield looked down to Rs 7.21 per cent from 7.27 per cent. The 7.02 per cent government security maturing in 2016, 8.26 per cent government security maturing in 2027 and the 6.35 per cent government security maturing in 2020 also quoted higher at Rs 97.05, Rs 100.65 and Rs 90.10, respectively. The call money rate finished lower at 5.10 per cent from yesterday''s closing level of 5.25 per cent after moving in a range of 5.40 per cent and 4.00 per cent. The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) collected Rs 345 crore from two bids at the one day reverse repo auction at the rate of 3.75 per cent and Rs 17,035 crore from 14 bids at the one day repo auction at a fixed rate of 5.25 per cent.

News posted by www.newsinfoline.com

Click here to read more news from www.newsinfoline.com
Please follow our blogs

newsinfolinephotogallery
prabugallery
newsinfolinephotogallery1

photogallery1

No comments:

Post a Comment