Bonds drop, call rates turn lower

Government bonds (G-Secs) dropped on heavy selling pressure from banks and corporates and the Interbank call rates also turned lower due to lack of demand from borrowing banks amidst ample liquidity situation in the banking system.

The 6.79 per cent government security maturing in 2027 were slipped to Rs 100.22 from Rs 100.42 yesterday, while its yield edged up to 6.76 per cent from 6.73 per cent.

The 6.79 per cent government security maturing in 2029 were weakened to Rs 97.93 from Rs 98.23, while its yield up to 7.04 per cent from 7.01 per cent.

The 6.68 per cent government security maturing in 2031 were dipped to Rs 97.42 from Rs 97.80, while, its yield moved up to 6.97 per cent from 6.93 per cent.

The 7.35 per cent government security maturing in 2024, the 7.72 per cent government security maturing in 2025 and the 7.16 per cent government security maturing in 2023 were also quoted lower at Rs 102.32, Rs 104.19 and Rs 101.52 respectively.

The overnight call money rates ended lower at 5.70 per cent from Thursday's level 5.85 per cent. It resumed higher at 5.95 per cent and moved in a range of 5.95 per cent and 5.70 per cent.

The 3-days call money rates finished at 5.85 per cent.

It commenced 5.95 per cent and traded in a range of 6.00 per cent and 5.80 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 17.50 billion in 3-bids at the 3-days repo operation at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 149.89 billion from 35-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on October 5.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)