Government bonds react downward, call rates ends stable
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Government bonds reacted downwards on selling pressure from banks and corporates, while 3-days money rates ended stable at the call money market here today as demand from borrowing banks matched supplies.
The 8.20 per cent government security maturing in 2025 dropped to Rs 102.2975 from Rs 102.3575 yesterday, while its yield inched up to 7.91 per cent from 7.90 per cent.
The 8.15 per cent government security maturing in 2022 dipped to Rs 102.06 from Rs 102.15, while its yield edged up to 7.83 per cent from 7.82 per cent.
The 8.33 per cent government security maturing in 2026 slid to Rs 103.36 from Rs 103.48, while its yield moved up to 7.92 per cent from 7.90 per cent.
The 8.07 per cent government security maturing in 2017, the 8.12 per cent government security maturing in 2020 and 8.30 per cent government security maturing in 2042 were also quoted lower at Rs 100.80, Rs 101.49 and Rs 103.23, respectively.
The three-days call money rate finished steady at 7.85 per cent and moved in a range of 7.90 per cent and 7.70 per cent.
The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 1,201.20 billion in 39 bids at the 3-days repo auction at a fixed rate of 7.75 per cent and sold securities worth Rs 0.15 billion in one-bid at the 3-days reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.