Government bonds remain bearish, call rates finish higher
The 8.33 per cent government security maturing in 2026 slid to Rs 100.03 from Rs 100.23, while its yield edged up to 8.32 per cent from 8.30 per cent. The 8.20 per cent government security maturing in 2025 dropped to Rs 98.93 from Rs 99.15, while its yield rose to 8.34 per cent from 8.31 per cent. The 8.19 per cent government security maturing in 2020, the 8.97 per cent government security maturing in 2030 and 8.07 per cent government security maturing in 2017 also quoted lower at Rs 99.69, Rs 105.06 and Rs 99.50 respectively. The overnight call money rate finished higher at 8.10 per cent from 8.00 per cent yesterday. It moved in a range of 8.15 per cent and 7.90 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,240.40 billion in 42 bids at the one-day repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 0.05 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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