Bond prices continue to decline
Government bond prices continued to decline due to persistent selling from banks while call rate ruled steady at 6.10 per cent on the overnight call money market here on Friday.
By PTI |
MUMBAI: Government bond prices continued to decline due to persistent selling from banks while call rate ruled steady at 6.10 per cent on the overnight call money market here on Friday.
Government bond prices moved down on an average of five to fifteen paise.
The 7.49 per cent government security maturing in 2017 slipped to Rs 97.05 from previous close of Rs 97.19 while its yield edged up to 7.94 per cent from 7.91 per cent.
The 8.33 per cent government security maturing in 2036 dropped to Rs 99.00 from Rs 99.13 yesterday while its yield inched up to 8.42 per cent from 8.41 per cent.
The 7.99 per cent government security maturing in 2017 also closed lower at Rs 100.50 as against Rs 100.63 previously.
The 8.07 per cent government stock maturing in 2017 was quoted lower at Rs 100.50 as against Rs 100.55 yesterday.
The call rates ended at yesterday's closing level of 6.10 per cent after easing to 6.05 per cent.
The Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF) accepted all 37 bids of Rs 54,370 crore at the three days reverse repo auction at the rate of 6.00 per cent.
Government bond prices moved down on an average of five to fifteen paise.
The 7.49 per cent government security maturing in 2017 slipped to Rs 97.05 from previous close of Rs 97.19 while its yield edged up to 7.94 per cent from 7.91 per cent.
The 8.33 per cent government security maturing in 2036 dropped to Rs 99.00 from Rs 99.13 yesterday while its yield inched up to 8.42 per cent from 8.41 per cent.
The 7.99 per cent government security maturing in 2017 also closed lower at Rs 100.50 as against Rs 100.63 previously.
The 8.07 per cent government stock maturing in 2017 was quoted lower at Rs 100.50 as against Rs 100.55 yesterday.
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The call rates ended at yesterday's closing level of 6.10 per cent after easing to 6.05 per cent.
The Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF) accepted all 37 bids of Rs 54,370 crore at the three days reverse repo auction at the rate of 6.00 per cent.
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