24-April-2024
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Markets and Finance
 
Bonds drop, call rates rule stable
24-Jun-2017

Government bonds (G-Secs) dropped on heavy selling pressure from banks and corporates.While, interbank call money rates remained steady as demand from borrowing banks match supplies. The 6.79 per cent 10-year benchmark bond maturing in 2029 weakened to Rs 100.5725 from Rs 100.62, while its yield remained steady at 6.72 per cent. The 6.79 per cent government security maturing in 2027 slid to Rs 102.38 from Rs 102.4275, while its yield inched up to 6.46 per cent from 6.45 per cent.The 6.97 per cent government security maturing in 2026 eased to Rs 102.2525 from Rs 102.33, while its yield inched up to 6.64 per cent from 6.63 per cent.The 7.61 per cent government security maturing in 2030 was quoted lower to Rs 106.49 from Rs 106.52, while its yield remained steady at 6.84 per cent.

News Source:- http://timesofindia.indiatimes.com/business/india-business/bonds-drop-call-rates-rule-stable/articleshow/59288004.cms