Government bonds recover on good demand,call rate ends lower

The 8.15 per cent G-Sec maturing in 2022 surged to Rs 101.18 from Rs 100.99,while its yield went down to 7.96 per cent from 7.99 per cent.

The 8.20 per cent G-Sec maturing in 2025 also climbed to Rs 101.1350 from Rs 100.82,while its yield fell to 8.05 per cent from 8.09 per cent.

The 8.07 per cent G-Sec maturing in 2017,the 8.12 per cent maturing in 2020 and the 7.83 per cent maturing in 2018 were also quoted higher at Rs 100.7550,Rs 101.42 and Rs 99.5150 respectively.

The Overnight call money rate finished lower at 6.75 per cent from previous close of 7.00 per cent. It moved in a range of 7.65 per cent and 6.60 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,002.65 billion in 28-bids at the 1-day repo auction at a fixed rate of 7.50 per cent,while it sold securities worth Rs 332.10 billion in 26-bids at the one-day reverse repo auction at a fixed rate of 6.50 per cent in the evening auction.