Bonds slip, call rates finish lower

Government bonds (G-Secs) slipped on selling pressure from banks and corporates and the Interbank call rates also finished 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 declined to Rs 101.6025 from Rs 101.74 previously, while its yield rose to 6.56 per cent from 6.54 per cent.

The 6.79 per cent government security maturing in 2029 fell to Rs 99.39 from Rs 99.54, while its yield gained to 6.86 per cent from 6.84 per cent.

The 6.68 per cent government security maturing in 2031 eased to Rs 100.09 from Rs 100.21. while its yield inched up to 6.67 per cent from 6.66 per cent.

The 7.72 per cent government security maturing in 2025 dipped to Rs 105.30 from Rs 105.39, while, its yield inched up to 6.82 per cent from 6.81 per cent.

The overnight call money rates ended lower at 5.80 per cent from last Friday's level 5.85 per cent. It resumed higher at 6.00 per cent and traded 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 24.50 billion in 4-bids at the overnight repo operations at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 161.58 billion from 53-bids at the 3-days reverse repo auction at a fixed rate of 5.75 per cent as on September 08.

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