Government bonds decline,call rate rules steady

The government bonds declined on fresh selling pressure from banks and corporates.

The government bonds declined on fresh selling pressure from banks and corporates,while call money rates maintained a steady trend at the overnight call money market here today as demand from borrowing banks matched supplies.

The 8.33 per cent government security (G Sec) maturing in 2026 dipped to Rs 99.89 from 100.08 yesterday,while its yield moved up to 8.34 per cent from 8.32 per cent.

The 8.15 per cent government security maturing in 2022 fell to Rs 99.6550 from 99.76,while its yield gained to 8.20 per cent from 8.18 per cent.

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The 8.19 per cent government security maturing in 2020 declined to Rs 99.4450 from Rs 99.50 while its yield inched up to 8.29 per cent from 8.28 per cent.

The 8.07 per cent government security maturing in 2017,the 8.97 per cent government security maturing in 2030 and the 7.17 per cent government security maturing in 2015 were also quoted lower at Rs 99.44,Rs 103.75 and Rs 97.95,respectively.

The call money rate finished stable at 8.05 per cent.

It moved in a range of 8.05 per cent and 7.95 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 307.45 billion from 15 bids at the one-day repo auction at a fixed rate of 8 per cent.

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