The government bonds dropped on heavy selling pressure from banks and corporates,while call rates also eased at the overnight call money market here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system.
The 9.15 per cent government security maturing in 2024 dipped to Rs 106.4350 from 106.60 previously,while its yield moved up to 8.30 per cent from 8.28 per cent.
The 8.15 per cent government security maturing in 2022 fell to Rs 100.31 from 100.5150,while its yield went up 8.10 per cent from 8.07 per cent.
The 8.19 per cent government security maturing in 2020 slid to Rs 100.18 from Rs 100.33 while its yield rose to 8.16 per cent from 8.13 per cent.
The 8.33 per cent government security maturing in 2026,and 8.79 per cent government security maturing in 2021 and 8.97 per cent government security maturing in 2030 were also quoted lower at Rs 100.84,Rs 103.40 and Rs 104.77,
respectively.
The call money rate finished lower at 7.95 per cent from yesterday8217;s closing level of 8 per cent. It moved in a range of 8.10 per cent and 7.80 per cent.
The Reserve Bank of India RBI under the Liquidity Adjustment Facility LAF purchased securities worth Rs 33,920 crore from 17 bids at the one-day repo auction at a fixed rate of 8 per cent,while sold securities worth Rs 10 crore from one bid at the one-day reverse repo auction at a fixed rate of 7 per cent.