The Government bonds securities (G-Sec) traded bearish on selling pressure from banks and corporates,while call rate finished higher at the overnight call money market due to good demand from borrowing banks. The 7.16 per cent government security maturing in 2023 declined to Rs 93.78 from Rs 94.74 last Friday,while its yield rose to 8.09 per cent from 7.94 per cent. The 8.33 per cent government security maturing in 2026 fell to Rs 100.66 from Rs 102.00,while its yield edged up to 8.25 per cent from 8.08 per cent. The 8.20 per cent government security maturing in 2025 also went down to Rs 99.65 from Rs 100.9750,while its yield gained to 8.24 per cent from 8.07 per cent. The 8.15 per cent government security maturing in 2022,the 7.28 per cent maturing in 2019 and the 8.30 per cent maturing in 2042 also quoted lower at Rs 99.32,Rs 94.75 and Rs 97.12,respectively. The Overnight call money rate finished higher at 7.10 per cent from previous closing level of 6.00 per cent. It moved in a range of 7.40 per cent and 7.10 per cent. The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 398.40 billion in 15-bids at the 1-day repo auction at a fixed rate of 7.25 per cent,while its sold securities worth Rs 0.50 billion in 1-bid at the one-day reverse repo auction at a fixed rate of 6.25 per cent in the evening auction.
