Bonds rule firm

Government securities (G-Sec) ruled firm on sustained demand from banks and companies.

The 7.16 per cent government security maturing in 2023 shot up to Rs 91.79 from Rs 88.78 previously, while its yield dipped to 8.41 per cent from 8.90 per cent. The 8.33 per cent government security maturing in 2026 climbed to Rs 96.25 from Rs 92.95, while its yield dropped to 8.82 per cent from 9.28 per cent.

The 8.20 per cent government security maturing in 2025 also rose to Rs 95.47 from Rs 92.30, while its yield fell to 8.81 per cent from 9.27 per cent.

The 8.07 per cent government security maturing in 2017, the 7.28 per cent government security maturing in 2019 and the 8.28 per cent government security maturing in 2032 were also quoted higher at Rs 97.40, Rs 92.90 and Rs 95.00, respectively.

Call rates finish lower
Call money rates finished lower at the market here on Wednesday, due to lack of demand from borrowing banks.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 387.78 billion in 63-bids at the one-day repo auction at a fixed rate of 7.25 per cent, while it sold securities worth Rs 60 crore in three-bids at the one-day reverse repo auction, at a fixed 6.25 per cent in the evening auction.