Government bonds remain lower,call rates recover

Government bonds dropped on continued selling pressure from banks and corporates,while call money rates recovered at the overnight call money market here fresh demand from borrowing banks.

The 8.15 per cent government security (G sec) maturing in 2022 dipped to Rs 99.62 from 99.8875 last Friday,while its yield rose to 8.20 per cent from 8.16 per cent.

The 8.33 per cent government security maturing in 2026 fell to Rs 99.63 from 99.97,while its yield surged 8.37 per cent from 8.33 per cent.

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The 8.19 per cent government security maturing in 2020 plunged to Rs 99.45 from Rs 99.6750 while its yield moved up to 8.29 per cent from 8.25 per cent.

The 9.15 per cent government security maturing in 2024,the 8.07 per cent government security maturing in 2017 and the 8.97 per cent government security maturing in 2030 were also quoted lower at Rs 105.7975,Rs 99.65 and Rs 103.85 respectively.

The call money rate finished higher at 8.15 per cent from last Friday’s closing level of 8.00 per cent. It moved in a range of 8.15 per cent and 7.95 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 64,755 crore from 25 bids at the one-day repo auction at a fixed rate of 8 per cent.