Bonds Gain, Call Rates Lower

The Economic Times - - Money -

Mumbai: Gov­ern­ment bonds (G-Secs) gained on good buy­ing sup­port from banks and cor­po­rates on Thurs­day. While, the overnight call money rates re­mained lower at the money mar­ket due to lack of de­mand from bor­row­ing banks amid am­ple liq­uid­ity in the bank­ing sys­tem.

The 6.79% gov­ern­ment se­cu­ri­ty­ma­turingin2029­climbedto ₹ 100.57 from ₹ 100.21 pre­vi­ously, while its yield de­clined to 6.72% from 6.76%. The overnight call money rate­send­ed­low­erto5.80%from its Wed­nes­day’s level of 6.05%. It com­menced higher at 6.00% and mov­ing in a range of 6.00% and 5.80%. Mean­while, RBI pur­chased se­cu­ri­ties worth ₹ 21.65 bil­lion in 4-bids at the overnight repo op­er­a­tions at a fixed rate of 6.00% as on Thurs­day.

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