Government bonds reacted downwards on selling pressure from banks and corporates,while both overnight and 3-days call money rate at the call money market finished lower due to lack of demand from borrowing banks. The 8.33 per cent government security maturing in 2026 dropped to Rs 100.5325 from 100.62 previously,while its yield inched up by 8.26 per cent from 8.25 per cent. The 8.15 per cent government security maturing in 2022 fell to Rs 99.92 from 99.9850,while its yield moved up 8.16 per cent from 8.15 per cent. The 8.19 per cent government security maturing in 2020 slid to Rs 99.8325 from Rs 99.8825 while its yield edged up to 8.22 per cent from 8.21 per cent. The 8.20 per cent government security maturing in 2025,8.97 per cent government security maturing in 2030 and 8.07 per cent government security maturing in 2017 also quoted lower at Rs 99.88,Rs 105.23 and Rs 99.6350,respectively. The overnight call money rate ended lower at 7.70 per cent from 7.75 per cent yesterday,it moved in a range of 7.85 per cent and 7.70 per cent. The 3-days call money rate also declined to 7.10 per cent from 7.95 per cent previously,it moved in a range of 8.05 per cent and 7.10 per cent. The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 118.35 billion from 8 bids at the three-days repo auction at a fixed rate of 8 per cent,while sold securities worth Rs 202.30 billion from 16 bids at the 3-days reverse repo auction at a fixed rate of 7.00 per cent.
