Bonds decline, call rates steady
Bonds decline, call rates steady
Mumbai: Government bond prices declined moderately due to fresh selling from banks and corporates while call rates ruled steady in the absence of market-moving factors on the call money market here on 6 June.
The 7.59% government security maturing in 2016 dropped further to ₹ 96.41 from ₹ 96.68 yesterday while its yield moved up to 8.17% from 8.12%.
The 7.38% government security maturing in 2015 closed lower at ₹ 95.62 from ₹ 95.77 previously while its yield looked up to 8.12 from 8.09%.
The 9.39% government security maturing in 2011 ended marginally down at ₹ 05.20 as against ₹ 105.23 yesterday while its yield inched up to 7.87% from 7.86%. The 8.07% security maturing in 2017 also eased to ₹ 99.86 from ₹ 99.89 yesterday while its yield edged up to 8.09% from 8.08%.
The call rate ended at yesterday’s closing level of 0.50% after moving in a range of 0.30% and 0.75%.
The Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF) received 39 bids of ₹ 56,745 crore at the one day repo auction at the rate of 6.00 per cent in the morning but the central bank accepted only ₹ 1,998 crore.
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