Bonds recover

Government securities (G-sec) recovered on fresh buying support from banks and corporates.

The 7.16 per cent government security maturing in 2023 surged to Rs 91.95 from Rs 90.75 previously, while its yield fell to 8.39 per cent from 8.58 per cent.

The 8.20 per cent government security maturing in 2025 climbed to Rs 95.12 from Rs 94.50, while its yield dropped to 8.87 per cent from 8.95 per cent. The 8.33 per cent government security maturing in 2026 also rose to Rs 96.00 from Rs 95.25, while its yield dipped to 8.86 per cent from 8.96 per cent.

The 7.28 per cent government security maturing in 2019, the 7.17 per cent government security maturing in 2015 and the 8.83 per cent government security maturing in 2041 were also quoted higher at Rs 92.90, Rs 96.85 and Rs 97.80 respectively.

Call rates end higher
The call money rates finished higher at the overnight call money market here on Wedneday due to good demand from borrowing banks.

The rate ended higher at 10.25 per cent from 10.10 per cent on Tuesday. It moved in a range of 10.28 per cent and 10.00 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 399.67 billion in 64-bids at the one-day repo auction at a fixed rate of 7.25 per cent, while sold securities worth Rs 0.85 billion from two bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent in the evening auction.