Government bonds react downwards, call rates finish lower
The 8.33 per cent government security maturing in 2026 dropped to Rs 100.3150 from Rs 100.3700 previously, while its yield inched up at 8.29 per cent from 8.28 per cent.
The 8.15 per cent government security maturing in 2022 fell to Rs 99.72 from Rs 99.77, while its yield edged up at 8.19 per cent from 8.18 per cent.
The 8.97 per cent government security maturing in 2030 slid to Rs 105.50 from Rs 105.5050, while its yield held steady 8.37 per cent.
The 7.83 per cent government security maturing in 2018, the 8.07 per cent government security maturing in 2017 and 8.20 per cent government security maturing in 2025 were also quoted lower at Rs 98.1975, Rs 99.68 and Rs 99.45 respectively.
The overnight call money rate ended lower at 8.10 per cent from 8.15 per cent yesterday. It moved in a range of 8.15 per cent and 7.80 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 665.20 billion in 34 bids at the one-day repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 2 billion in 1 bid at the one-day reverse repo auction at a fixed rate of 7 per cent in the evening auction.
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