Government bonds recover on good demand,call rate ends higher

The government securities (G-Sec) recovered on good buying support from banks and corporates,while call rates also ended higher at the overnight call money market here today on fresh demand from borrowing banks.

The government securities (G-Sec) recovered on good buying support from banks and corporates,while call rates also ended higher at the overnight call money market here today on fresh demand from borrowing banks.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 99.56 from Rs 99.41 yesterday,while its yield edged down 8.38 per cent from 8.40 per cent.

The 8.15 per cent G-Sec maturing in 2022 surged to Rs 99.51 from 99.3475,while its yield eased to 8.22 per cent from 8.25 per cent.

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The 8.19 per cent G-Sec maturing in 2020 also rose to Rs 99.44 from 99.2950,while its yield moved down to 8.29 per cent from 8.32 per cent.

The 9.15 per cent G-Sec maturing in 2024,the 7.17 per cent maturing in 2015 and the 8.07 per cent maturing in 2017 also quoted higher at Rs 105.61,Rs 97.93 and Rs 99.54,respectively.

The Overnight call money rate finished higher at 8.10 per cent,it moved in a range of 8.10 per cent and 7.75 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 389.65 billion in 16 bids at the one-day repo auction at a fixed rate of 8.00 per cent,while sold securities worth Rs 0.90 billion from two bids at the one-day reverse repo auction at a fixed rate of 7 per cent.