Govt bonds turn bearish, call rate ends higher
Mumbai: The Government securities (G-Sec) traded bearish on selling pressure from banks and corporates, while the call money rates ended higher at the overnight call money market here Wednesday due to good demand from borrowing banks.
The 8.15 percent government security maturing in 2022 dropped to Rs 102.35 from Rs 103.00 yesterday, while its yield climbed to 7.78 percent from 7.68 percent.
The 8.33 percent government security maturing in 2026 fell to Rs 104.40 from Rs 105.22, while its yield shot-up to 7.79 percent from 7.69 percent.
The 8.20 percent government security maturing in 2025 declined to Rs 103.37 from Rs 103.98, while its yield advanced to 7.77 percent from 7.69 percent.
The 8.07 percent government security maturing in 2017, the 7.16 percent government security maturing in 2023 and the 8.12 percent government security maturing in 2020 also quoted lower at Rs 100.93, Rs 97.11 and Rs 101.83, respectively.
The Overnight call money rate finished higher at 7.40 percent from 6.80 percent yesterday. It moved in a range of 7.50 percent and 7.00 percent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 368.90 billion in 20-bids at the one-day repo auction at a fixed rate of 7.25 percent.
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