Government bonds (G-Secs) surged following rising demand from corporates and banks. While, Interbank call money rates remained stable as demand from borrowing banks match supplies.

The 7.17 per cent government security maturing in 2028 went-up to Rs 93.8200 from Rs 93.7700, while, its yield held stable to 8.13 per cent.

The 6.84 per cent government security maturing in 2022 rose to Rs 95.2900 from Rs 95.2200, while, its yield went down to 8.17 per cent from 8.19 per cent.

The 6.68 per cent government security maturing in 2031 climbed to Rs 87.7400 from Rs 87.6400, while, its yield softened to 8.23 per cent from 8.25 per cent.

The 7.59 per cent government security maturing in 2026 and the 8.33 per cent government security maturing in 2036 were also quoted higher to Rs 96.4625 and Rs 99.6200 respectively.

The overnight call money rates ended steady at its Wednesday’s level of 6.30 per cent, It resumed higher at 6.50 per cent and moved in a range of 6.50 per cent and 6.25 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 39.56 billion in 7-bids at the 3-day repo opertion at a fixed rate of 6.50 per cent as on today, while its sold securities worth Rs 216.12 billion in 37-bids at the overnight reverse repo auction at a fixed rate of 6.25 per cent as on September 13.





READ SOURCE

READ  Stocks, commodities resume fall in Asia as risk appetite weakens

WHAT YOUR THOUGHTS

Please enter your comment!
Please enter your name here