The government bond prices dropped due to fresh selling pressure from banks and corporates and call rates also ended lower at 5.75 per cent at the overnight call money market here today owing to lack of demand from borrowing banks. The 8.13 per cent government security maturing in 2022 declined to Rs 100.07 from 100.59 yesterday,while its yield firmed up to 8.12 per cent from 8.05 per cent. The 8.08 per cent government security maturing in 2022 dropped to Rs 99.70 from Rs 100.19,while its yield rose to 8.12 per cent from 8.05 per cent. The 8.26 per cent government security maturing in 2027 fell to Rs 98.95 from Rs 99.42,while its yield moved up to 8.38 per cent from 8.32 per cent. The 7.17 per cent government security maturing in 2015,the 7.99 per cent government security maturing in 2017 and the 7.80 per cent government security maturing in 2020 were also quoted lower at Rs 97.30,Rs 100.15 and Rs 98.80,respectively. The overnight call money rate finished lower at 5.75 per cent from overnight closing level of 5.85 per cent. The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 300 crore from two bids at the three-days repo auction at a fixed rate of 6.75 per cent,while sold securities worth Rs 8,225 crore from eight bids at three-days reverse repo auction at a fixed rate of 5.75 per cent.
