Monday, November 29, 1999

Bonds end mixed while call rate flares up

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Mumbai, May 28 (PTI) Government securities finished mixed on alternate bouts of buying and selling while call rate ended remarkably higher on lack of liquidity in the banking system. The 7.80 per cent government security maturing in 2020 moved down to Rs 101.75 from 101.93 previously, while its yield firmed up to 7.55 per cent from 7.52 per cent. The 7.02 per cent government security maturing in 2016 also eased to Rs 97.35 from Rs 97.46 while its yield edged up to 7.56 per cent from 7.54 per cent. The 7.38 per cent government security maturing in 2015 too dropped to Rs 100.02 from Rs 100.32 while its yield shot up to 7.37 per cent from 7.30 per cent previously. However, the 8.20 per cent government security maturing in 2022, the 8.26 per cent maturing in 2027 and the 7.40 per cent maturing in 2012 closed higher at Rs 102.99, Rs 101.15 and Rs 102.89, respectively. The overnight call money rate opened sharply higher at 4.30 per cent and remained stable to close at the same level from previous close of 3.80 per cent. The three-day call money rate moved in a range of 5.00 per cent to 3.75 per cent before finishing the day at 4.00 per cent. The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) mopped up Rs 2,501 crore from five bids in three-day reverse repo auction at a fixed rate of 3.75 per cent.

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