Government bonds react downward, call rates ends lower

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PTI: Mumbai, Jan 18 2013, 20:02 IST
Government bonds reacted downwards on selling pressure from banks and corporates, while overnight money rates ended lower at the call money market here today on lack of demand from borrowing banks.

The 8.15 per cent government security maturing in 2022 slipped to Rs 101.8750 from Rs 102.04 previously, while its yield moved-up at 7.86 per cent from 7.84 per cent.

The 8.33 per cent government security maturing in 2026 dropped to Rs 103.30 from Rs 103.37, while its yield edged up to 7.93 per cent from 7.92 per cent.

The 8.20 per cent government security maturing in 2025 dipped to Rs 102.2250 from Rs 102.3350, while its yield gained at 7.92 per cent to 7.90 per cent.

The 8.07 per cent government security maturing in 2017, the 8.97 per cent government security maturing in 2030 and 8.19 per cent government security maturing in 2020 were also quoted lower at Rs 100.75, Rs 108.90 and Rs 101.17 respectively.

The overnight call money rate finished lower at 7.75 per cent from 7.90 per cent yesterday. It moved in a range of 7.95 per cent and 7.75 per cent and the three days call money rate also ended lower at 7.65 per cent from 7.90 last Friday.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 800.95 billion in 31 bids at the 3-days repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 0.05 billion in one-bid at the three-days reverse repo auction at a fixed rate of

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