Bond reacts downward, call rates ends higher

The government bonds reacted downwards on fresh 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 8.33 per cent government security maturing in 2022 declined to Rs 100.75 from Rs 100.7975 previously, while its yield held inched up to 8.24 per cent from 8.23 per cent.

The 8.15 per cent government security maturing in 2022 slipped to Rs 99.97 from Rs 100.0125, while its yield held stable at 8.15 per cent.

The 8.20 per cent government security maturing in 2025 dropped to Rs 99.7525 from Rs 99.83, while its yield edged up to 8.23 per cent from 8.22 per cent.

The 8.97 per cent government security maturing in 2030, the 8.07 per cent government security maturing in 2017 and 8.19 per cent government security maturing in 2020 were also quoted lower at Rs 105.82, Rs 99.84 and Rs 100.02 respectively.

The overnight call money rate finished higher at 8.13 per cent from 8.10 per cent previously. It moved in a range of 8.15 per cent and 7.95 per cent.

The Reserve Bank of India under the Liquidity adjustment Facility purchased securities worth Rs 1,646.15 billion in 48 bids at the one-day repo auction at a fixed rate of 8.00 per cent.

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