The government bonds declined on selling pressure from banks and corporates,while call rates moved up at the overnight call money market here today on fresh buying support from borrowing banks.
The 8.79 per cent government security maturing in 2021 dropped to Rs 101.73 from 101.77 yesterday,while its yield rose to 8.52 per cent from 8.51 per cent.
The 8.54 per cent government security maturing in 2024 fell to Rs 104.52 from 104.58,while its yield gained 8.55 per cent from 8.54 per cent.
The 8.19 per cent government security maturing in 2020 eased to Rs 98.86 from Rs 98.8725,while its yield held steady at 8.39 per cent. The 8.24 per cent government security maturing in 2018,and 8.97 per cent government security maturing in 2030,were also quoted lower at Rs 99.0450 and Rs 102.10 respectively.
However,The 8.28 per cent government security maturing in 2027 moved up to Rs 96.20 from Rs 96.15,while its yield softened to 8.73 per cent from 8.74 per cent.
The call money rate finished higher at 8.15 per cent from yesterday’s closing level of 8.10 per cent. It hovered in a range of 8.20 per cent and 7.98 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 75,450 crore from 36 bids at the one-day repo auction at a fixed rate of 8.00 per cent.