Government bonds react downwards

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SummaryThe government bonds reacted downwards on selling pressure from banks and corporates.

The government bonds reacted downwards on selling pressure from banks and corporates.

The 8.15 per cent government security (G-Sec) maturing in 2022 moved down to Rs 99.6750 from Rs 99.7200 previously, while its yield inched up at 8.20 per cent from 8.19 per cent.

The 8.33 per cent government security maturing in 2026 fell to Rs 100.1800 from Rs 100.3150, while its yield rose at 8.31 per cent from 8.29 per cent.

The 8.19 per cent government security maturing in 2020 slid to Rs 99.7375 from Rs 99.7650, while its yield moved up 8.24 per cent from 8.23 per cent.

The 8.97 per cent government security maturing in 2030, 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 105.3250, Rs 99.6000 and Rs 99.3925 respectively.

The 3-days call money rate quoted at 7.95 per cent.

It moved in a range of 8.10 per cent and 7.90 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 263.80 billion in 24 bids at the 3-days repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 0.45

billion in 2 bids at the 3-days reverse repo auction at a fixed rate of 7 per cent in the evening auction.

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