Government bonds recover on good demand, call rate ends higher

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SummaryThe 8.15 per cent G-Sec maturing in 2022 rose to Rs 101.9750 from Rs 101.8250 yesterday, while its yield moved down to 7.84 per cent from 7.87 per cent.

The Government securities (G-Sec) rose on good buying support from banks and corporates, while the call money rates also ended higher at the overnight call money market here today due to fresh demand from borrowing banks.

The 8.15 per cent G-Sec maturing in 2022 rose to Rs 101.9750 from Rs 101.8250 yesterday, while its yield moved down to 7.84 per cent from 7.87 per cent.

The 8.20 per cent G-Sec maturing in 2025 shot up to Rs 102.1750 from Rs 101.93, while its yield edged down to 7.92 per cent from 7.95 per cent.

The 8.33 per cent G-Sec maturing in 2026 also surged to Rs 103.27 from Rs 103.06, while its yield eased to 7.93 per cent from 7.95 per cent.

The 8.07 per cent G-Sec maturing in 2017, the 8.19 per cent maturing in 2020 and the 8.97 per cent maturing in 2030 also quoted higher at Rs 100.80, Rs 101.31 and Rs 108.7950 respectively.

The Overnight call money rate finished higher at 7.85 per cent from yesterday close of 7.75 per cent. It moved in a range of 7.90 per cent and 7.60 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,269.45 billion in 38 bids at the 1-day repo auction at a fixed rate of 7.75 per cent, while it sold securities worth Rs 0.10 billion in one-bid at the one-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.

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