Government bonds remain lower, call rates end higher

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PTI: Mumbai, Jan 16 2013, 21:55 IST
Government bonds remained lower on sustained selling pressure from banks and corporates, while overnight money rates finished higher at the call money market here today on good demand from borrowing banks.

The 8.15 per cent government security maturing in 2022 declined to Rs 101.75 from Rs 102.08 previously, while its yield climbed at 7.88 per cent from 7.83 per cent.

The 8.33 per cent government security maturing in 2026 slid to Rs 103.06 from Rs 103.54, while its yield firmed up to 7.96 per cent from 7.90 per cent.

The 8.20 per cent government security maturing in 2025 dropped to Rs 102.09 from Rs 102.53, while its yield rose at 7.93 per cent to 7.88 per cent.

The 8.07 per cent government security maturing in 2017, the 8.97 per cent government security maturing in 2030 and 9.15 per cent government security maturing in 2024 were also quoted lower at Rs 100.74, Rs 108.70 and Rs 108.14 respectively.

The overnight call money rate finished higher at 8.20 per cent from 8.05 per cent yesterday. It moved in a range of 8.20 per cent and 7.85 per cent.

The Reserve Bank of India under the Liquidity

Adjustment Facility purchased securities worth Rs 842.20 billion in 33 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 one-bid at the 1-day reverse repo auction at a fixed rate of 7 per cent in the evening auction.

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