Government bonds remain weak, call rate end higher

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SummaryThe government bonds remained weak on sustained selling from banks and corporates, while call rates recovered at the overnight call money market here today on fresh demand from borrowing banks.

The government bonds remained weak on sustained selling from banks and corporates, while call rates recovered at the overnight call money market here today on fresh demand from borrowing banks.

The 8.15 per cent government security maturing in 2022 dropped to Rs 99.7750 from Rs 100.0950 previously, while its yield spurted to 8.18 per cent from 8.13 per cent.

The 8.33 per cent government security maturing in 2026 fell to Rs 100.54 from Rs 100.82, while its yield rose to 8.26 per cent from 8.23 per cent.

The 8.19 per cent government security maturing in 2020 slid to Rs 99.8250 from Rs 100.1375 while its yield surged to 8.22 per cent from 8.16 per cent.

The 8.07 per cent government security maturing in 2017, the 8.20 per cent government security maturing in 2025 and the 8.97 per cent government security maturing in 2030 also quoted lower at Rs 99.71, Rs 99.7625 and Rs 105.6000, respectively.

The call money rate finished higher at 8.05 per cent from 8.00 per cent yesterday. 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 774.75 billion from 29 bids at the one-day repo auction at a fixed rate of 8 per cent.

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