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Bonds end mixed, call rates slump

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Press Trust of India Mumbai
The government bonds prices ended mixed due to alternate bouts of buying and selling.

While, overnight call money rates fell sharply due to lack of demand from borrowing banks on the back of comfortable liquidity in the banking system.

The 8.83 per cent 10-year benchmark bond maturing in 2023 shot up to Rs 100.60 from Rs 100.37 last Friday, while its yield slipped to 8.73 per cent from 8.77 per cent.

The 8.24 per cent government security maturing in 2027 rose to Rs 93.00 from Rs 92.89, while yield declined to 9.17 per cent from 9.19 per cent.

The 8.28 per cent government security maturing in 2027 also firmed up to Rs 93.27 from Rs 93.10, while yield fell to 9.15 per cent from 9.17 per cent.
 

However, the 8.12 per cent government security maturing in 2020 moved down to Rs 95.25 from Rs 95.35, while its yield edged up to 9.06 per cent from 9.04 per cent.

The 7.28 per cent government security maturing in 2019 slipped to Rs 93.3250 from Rs 93.38, while yield inched up to 8.87 per cent from 8.86 per cent.

The overnight call money rate dropped to 7.00 per cent from last Friday's level of 8.80 after fluctuating between 8.25 per cent and 6.90 per cent earlier.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 315.65 billion in 49 bids at the one-day repo auction at a fixed rate of 8.00 per cent today morning.

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First Published: Feb 03 2014 | 6:20 PM IST

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