Bonds rebound, call rates finish lower

Government bonds (G-Secs) rebounded following fresh demand from corporates and banks, while the overnight call money rates finished lower due to lack of demand from borrowing banks amid comfortable liquidity situation in the banking system.

The 6.79 per cent 10-year benchmark bond maturing in 2027 were climbed to Rs 100.20 from Rs 100.18 yesterday, while its yield held stable to 6.76 per cent.

The 6.68 per cent government security maturing in 2031 were went-up to Rs 97.7950 from Rs 97.69, while its yield inched down to 6.93 per cent from 6.94 per cent.

The 6.79 per cent government security maturing in 2029 were rose to Rs 98.2850 from Rs 98.23, while its yield softened to 7.00 per cent from 7.01 per cent.

The 7.72 per cent government security maturing in 2025, the 7.35 per cent government security maturing in 2024 and the 7.16 per cent government security maturing in 2023 were also quoted higher to Rs 104.59, Rs 102.60 and Rs 101.75 respectively.

The overnight call money rates finished lower to 5.75 per cent from Tuesday's level 6.00 per cent. Its resumed lower at 5.90 per cent and moving in range of 6.00 per cent and 5.75 per cent.

5-days Interbank call money rates ended to 6.05 per cent and traded in a range of 6.10 per cent and 5.85 per cent.

Meanwhile, Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 14.00 billion in 3-bids at the 5-days repo operation at a fixed rate of 6.00 per cent today morning, while it sold securities worth Rs 83.62 billion in 41-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on October 17.

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