Bonds react downward, call rates end lower
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Government bonds reacted downwards on fresh selling pressure from banks and corporates, while overnight call money rates ended lower at the call money market here today in the absence of demand from borrowing banks amid ample liquidity.
The 8.15 per cent government security maturing in 2022 dropped to Rs 101.6750 from Rs 101.9850 yesterday, while its yield rose to 7.89 per cent from 7.84 per cent.
The 8.33 per cent government security maturing in 2026 dipped to Rs 102.8375 from Rs 103.16, while its yield firmed up to 7.98 per cent from 7.94 per cent.
The 8.20 per cent government security maturing in 2025 slipped to Rs 101.76 from Rs 102.06, while its yield gained 7.98 per cent from 7.94 per cent.
The 8.07 per cent government security maturing in 2017, the 8.12 per cent government security maturing in 2020 and 8.97 per cent government security maturing in 2030 were also quoted lower at Rs 100.78, Rs 101.55 and Rs 107.58, respectively.
The overnight call money rate finished slightly lower at 7.80 per cent from 7.85 per cent previously. It moved in a range of 7.85 per cent and 7.70 per cent.
The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 1,085.60 billion in 36 bids at the one-day repo auction at a fixed rate of 7.75 per cent and sold securities worth Rs 0.25 billion in one-bid at the 1-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.
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