Government bonds remain weak, call rates ends higher

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The 8.15 per cent government security maturing in 2022 declined to Rs 99.82 from Rs 99.86 previously, while its yield inched up at 8.18 per cent from 8.17 per cent. (Reuters) The 8.15 per cent government security maturing in 2022 declined to Rs 99.82 from Rs 99.86 previously, while its yield inched up at 8.18 per cent from 8.17 per cent. (Reuters)
SummaryThe 8.15 per cent government security maturing in 2022 declined to Rs 99.82 from Rs 99.86 previously, while its yield inched up at 8.18 per cent from 8.17 per cent.

The government bonds remained weak on sustained selling pressure from banks and corporates, while overnight money rates ended 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 99.82 from Rs 99.86 previously, while its yield inched up at 8.18 per cent from 8.17 per cent.

The 8.33 per cent government security maturing in 2026 fell to Rs 100.52 from Rs 100.62, while its yield edged up to 8.26 per cent from 8.25 per cent.

The 8.20 per cent government security maturing in 2025 dropped to Rs 99.54 from Rs 99.63, while its yield also moved up 8.26 per cents from 8.24 per cent.

The 8.97 per cent government security maturing in 2030, the 8.83 per cent government security maturing in 2041 and 8.19 per cent government security maturing in 2020 were also quoted lower at Rs 105.82, Rs 104.60 and Rs 99.93, respectively.

The overnight call money rate finished higher at 8.00 per cent from 7.90 per cent previously. It moved in a range of 8.10 per cent and 7.60 per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 828.05 billion in 25 bids at the one-day repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 20.00 billion in one-bid at the one-day reverse repo auction at a fixed rate of 7 per cent in the evening auction.

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