Government Bonds declines, call rates finish lower

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PTI: Mumbai, Jan 23 2013, 20:39 IST
Government bonds declined on selling pressure from banks and corporates, while overnight money rates finished lower at the call money market here today on lack of demand from borrowing banks.

The 8.33 per cent government security maturing in 2026 dropped to Rs 103.02 from Rs 103.22 previously, while its yield edged up at 7.96 per cent from 7.94 per cent.

The 8.15 per cent government security maturing in 2022 slid to Rs 101.8550 from Rs 101.96, while its yield inched up to 7.86 per cent from 7.85 per cent.

The 8.20 per cent government security maturing in 2025 dipped to Rs 101.9850 from Rs 102.15, while its yield moved up to 7.95 from 7.83 per cent.

The 8.07 per cent government security maturing in 2017, the 7.83 per cent government security maturing in 2018 and 9.15 per cent government security maturing in 2024 were also quoted lower at Rs 100.67, Rs 99.25 and Rs 108.03 respectively.

The overnight call money rate finished lower at 8.00 per cent from 8.05 per cent yesterday. It moved in a range of 8.10 per cent and 7.85 per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 955.25 billion in 35 bids at the one-day repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 0.05 billion in one-bid at the 1-day reverse repo auction at a fixed rate of 7 per cent in the evening auction.

One billion is equal to Rs 100 crore.

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