Bonds slip, call rates finish lower

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Bonds slip, call rates finish lower

Mumbai, April 07 (PTI) Government bonds (G-Secs) slipped on selling pressure from banks and corporates, and the overnight call money rates also finished lower due to lack of demand from borrowing banks amid comfortable liquidity situation in the banking system.

The 6.97 per cent 10-year benchmark bond maturing in 2026 weakened to Rs 101.03 from Rs 101.38, while its yield rose to 6.82 per cent from 6.77 per cent.

The 7.59 per cent government security maturing in 2026 declined to Rs 103.45 from Rs 103.59, while its yield decline to 7.52 per cent from 7.04 per cent.

The 6.79 per cent government security maturing in 2029 dipped to Rs 96.79 from Rs 96.81, while its yield inched up to 7.18 per cent from to 7.17 per cent.

The 7.61 per cent government security maturing in 2030, the 7.72 per cent government security maturing in 2025 and the 7.68 per cent government security maturing in 2023 were also quoted lower to Rs 102.48, Rs 102.88 and Rs 103.40 respectively.

The overnight call money rates finished lower at 6.05 per cent from yesterday’s level of 6.00 per cent. It resumed at 6.10 per cent and moved in a range of 6.20 per cent and 5.85 per cent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 527.28 billion in 74-bids at the overnight repo operations at a fixed rate of 6.00 per cent today morning, while it sold securities worth Rs 36.75 billion in 2-bids at the 3-day reverse repo auction at a fixed rate of 6.75 per cent as on April 07.

This is published unedited from the PTI feed.