Bonds react downward,call rate rules

The 8.19 per cent government security maturing in 2020 slid to Rs 99.4950 from Rs 99.5150 while its yield held steady at 8.28 per cent.

The 8.07 per cent government security maturing in 2017,and 9.15 per cent government security maturing in 2024 and 7.49 per cent government security maturing in 2017 also quoted lower at Rs 99.51,Rs 105.72 and Rs 97.24 respectively.

The call money rate finished stable at 8.00 per cent. It moved in a range of 8.05 per cent and 7.80 per cent.

The Reserve Bank of India RBI under the Liquidity Adjustment Facility LAF purchased securities worth Rs 338.65 billion from 16 bids at the one-day repo auction at a fixed rate of 8 per cent.