Bonds drop, call rates turn lower

Government bonds (G-Secs) dropped on sustained selling pressure from banks and corporates and the overnight call money rates also turned lower due to lack of demand from borrowing banks amid comfortable liquidity situation in the banking system.

The 6.79 per cent government security maturing in 2027 were dipped to Rs 99.05 from Rs 99.2825 yesterday, while its yield moved up to 6.93 per cent from 6.89 per cent.

The 6.68 per cent government security maturing in 2031 were fell to Rs 96.85 from Rs 96.8850, while its yield inched up to 7.04 per cent from 7.03 per cent.

The 6.79 per cent government security maturing in 2029 were slid to Rs 97.4650 from Rs 97.58, while its yield edged up to 7.10 per cent from 7.09 per cent.

The 7.16 per cent government security maturing in 2023, the 7.35 per cent government security maturing in 2024 and the 6.84 per cent government security maturing in 2022 were also quoted lower at Rs 101.3450, Rs 102.1150 and Rs 100.33 respectively.

The overnight call money rates finished lower at 5.80 per cent from Monday's level 5.85 per cent. It resumed higher at 6.00 per cent and moved in a range of 6.00 per cent and 5.70 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 57.15 billion in 14-bids at the overnight repo operation at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 157.52 billion from 49-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on November 06.

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