Call money rates ended higher at the overnight market here on Monday, due to fresh demand from borrowing banks. The rates finished higher at 10.25 per cent from 10.15 per cent previously. It moved in a range of 10.50 per cent and 10.00 per cent.
The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 386.23 billion in 62 bids at the one-day repo auction at a fixed rate of 7.25 per cent.
Bonds rise
Government securities (G-sec) rose on good buying support from banks and corporates, The 7.16 per cent G-Sec maturing in 2023 rose to Rs 93.56 from Rs 93.47 on Wednesday, while its yield eased to 8.12 per cent from 8.14 per cent.
Call rate ends lower
Call money rates ended lower at the overnight market due to lack of demand from borrowing banks.The rates settled lower at 10 per cent.
The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 386.23 billion in 62 bids at the one-day repo auction at a fixed rate of 7.25 per cent.
Bonds rise
Government securities (G-sec) rose on good buying support from banks and corporates, The 7.16 per cent G-Sec maturing in 2023 rose to Rs 93.56 from Rs 93.47 on Wednesday, while its yield eased to 8.12 per cent from 8.14 per cent.
Call rate ends lower
Call money rates ended lower at the overnight market due to lack of demand from borrowing banks.The rates settled lower at 10 per cent.
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