Government bonds react downward, call rates recover

The government bonds reacted downwards on fresh selling pressure from banks and corporates, while overnight money rates recovered 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 99.6325 from Rs 99.7325 previously, while its yield moved up 8.21 per cent from 8.19 per cent.

The 8.20 per cent government security maturing in 2025 dropped to Rs 98.92 from Rs 99.0425, while its yield gained to 8.34 per cent from 8.32 per cent.

The 8.33 per cent government security maturing in 2026 slipped to Rs 100.0350 from Rs 100.14, while its yield also looked-up to 8.33 per cent from 8.31 per cent.

The 8.19 per cent government security maturing in 2020, the 8.97 per cent government security maturing in 2030 and 8.07 per cent government security maturing in 2017 were also quoted lower at Rs 99.82, Rs 104.93 and Rs 99.59, respectively.

The overnight call money rate finished higher at 8.05 per cent from 7.95 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 1,018.80 billion in 39 bids at the one-day repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 7.05 billion in two-bids at the one-day reverse repo auction at a fixed rate of 7 per cent in the evening auction.

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