Government bonds recover on good demand,call rate rules stable

The 8.15 per cent G-Sec maturing in 2022 surged to Rs 99.5450 from 99.3825,while its yield moved down to 8.22 per cent from 8.24 per cent.

The 8.19 per cent G-Sec maturing in 2020 also rose to Rs 99.31 from 99.1975,while its yield declined to 8.31 per cent from 8.34 per cent.

The 8.07 per cent G-Sec maturing in 2017,the 8.97 per cent maturing in 2030 and the 9.15 per cent maturing in 2024 also quoted higher at Rs 99.43,Rs 103.72 and Rs 105.70,respectively.

The Overnight call money rate ended steady at 8.00 per cent,it moved in a range of 8.05 per cent and 7.40 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 168.30 billion in 11 bids at the one-day repo auction at a fixed rate of 8.00 per cent,while sold securities worth Rs 0.10 billion from two bids at the one-day reverse repo auction at a fixed rate of 7 per cent.