Bond declines further while call rate ends recover

The 8.79 per cent government security maturing in 2021 moved down to Rs 102.90 from 102.9650,while its yield gained to 8.34 per cent from 8.33 per cent.

The 8.15 per cent government security maturing in 2022 declined to Rs 100.66 from Rs 100.73,while its yield looked up to 8.05 per cent from 8.04 per cent.

The 8.19 per cent government security maturing in 2020,and 8.28 per cent government security maturing in 2027 and 8.97 per cent government security maturing in 2030 were also quoted lower at Rs 100.2950,Rs 98.49 and Rs 104.28,respectively.

The call money rate finished slightly higher at 8.00 per cent from yesterday’s closing level of 7.95 per cent. 3-days call money rate moved in a range of 8.20 per cent and 7.50 per cent before ending at 8.00 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 54,590 crore from 28 bids at the three-days repo auction at a fixed rate of 8.00 per cent.