Government bonds remain bearish, call rates end down

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PTI: Mumbai, Mar 01 2013, 22:33 IST
Government bonds remained lower on selling pressure from banks and corporates, while overnight money rates also ended weak at the call money market here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system.

The 8.15 per cent government security maturing in 2022 fell to Rs 101.55 from Rs 101.79 previously, while its yield rose at 7.91 per cent from 7.87 per cent.

The 8.33 per cent government security maturing in 2026 dropped to Rs 102.65 from Rs 102.83, while its yield edged up to 8.00 per cent from 7.98 per cent.

The 8.20 per cent government security maturing in 2025 dipped to Rs 101.56 from Rs 101.72, while its yield moved up at 8.00 per cent from 7.98 per cent.

The 8.07 per cent government security maturing in 2017, the 8.97 per cent government security maturing in 2030 and 8.12 per cent government security maturing in 2020 were also quoted lower at Rs 100.60, Rs 107.57 and Rs 101.30, respectively.

The overnight call money rate finished lower at 6.50 per cent from 7.80 per cent yesterday. It moved in a range of 7.90 per cent and 6.50 per cent, and 3-days call money rate also closed lower at 7.50 per cent from 7.80 per cent last Friday, it moved in a range of 7.95 per cent and 7.50 per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 1,036.40 billion in 38 bids at the 3-days repo auction at a fixed rate of

... contd.

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