Monday, November 29, 1999

Bonds remain firm, call rate eases

News posted by www.newsinfoline.com

Mumbai, May 17 (PTI) Government securities continued their north-bound journey on sustained buying from banks and corporates while call rate eased on surfeit of liquidity in the banking system. The 7.80 per cent government security maturing in 2020 improved further to Rs 102.35 from Rs 102.154 while its yield declined to 7.46 per cent from 7.49 per cent previously. The 8.20 per cent government security maturing in 2022 also shot up to Rs 104.20 from Rs 103.56 from while its yield dipped to 7.65 per cent from 7.73 per cent. The 7.02 per cent government security maturing in 2016 edged up to Rs 98.14 from Rs 98.09 last weekend while its yield softened to 7.30 per cent from 7.40 per cent. The 8.28 per cent government security maturing in 2032, the 8.26 per cent maturing in 2027 to Rs 101.90 and the 6.35 per cent maturing in 2020 closed up at Rs 101.18, Rs 102.55 and Rs 90.36 respectively. The overnight call money rate, after moving in a range of 3.90 per cent and 3.00 per cent, settled lower at 3.85 per cent from its last close of Rs 3.90 per cent. The three-day call money concluded at its last weekend''s level of 3.75 pct. The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) collected up Rs 43,810 crore from 32 bids in a one-day reverse repo auction at a fixed rate of 3.75 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