Govt bonds recover on good demand,call rate ends lower

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 103.1875 from Rs 103.0750,while its yield inched down to 7.94 per cent from 7.95 per cent.

The 8.20 per cent G-Sec maturing in 2025 also surged Rs 102.11 from Rs 101.98,while its yield eased to 7.93 per cent from 7.95 per cent.

The 8.07 per cent G-Sec maturing in 2017,the 8.12 per cent maturing in 2020 and the 8.97 per cent maturing in 2030 were also quoted higher at Rs 100.8550,Rs 101.6950 and Rs 107.9625,respectively.

The Overnight call money rate finished lower at 7.25 per cent from previous close of 7.85 per cent. It moved in a range of 7.85 per cent and 7.25 per cent,while the 3-days money rate closed higher at 7.70 per cent from last Friday8217;s close of 7.50 per cent. It moved in a range of 7.85 per cent and 7.65 per cent.

The Reserve Bank of India RBI under the Liquidity Adjustment Facility LAF purchased securities worth Rs 493.50 billion in 25-bids at the 3-days repo auction at a fixed rate of 7.75 per cent,while it sold securities worth Rs 1.25 billion in 4-bids at the three-days reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.