Bonds recover

The government securities (G-secs) recovered on fresh buying support from banks and companies on Wednesday.

The 7.16 per cent G-sec maturing in 2023 climbed to Rs 92.06 from Rs 91.65 on Tuesday, while its yield dropped to 8.37 per cent from 8.44 per cent.

The 8.12 per cent G-sec maturing in 2020 rose to Rs 96.80 from Rs 96.25, while its yield fell to 8.72 per cent from 8.83 per cent.

The 8.20 per cent G-sec maturing in 2025 also shot-up to Rs 95 from Rs 94.30, while its yield dipped to 8.89 per cent from 8.98 per cent.

The 7.17 per cent G-sec maturing in 2015, the 8.28 per cent G-sec maturing in 2027 and the 7.28 per cent G-sec maturing in 2019 were also quoted higher at Rs 97.50, Rs 96.60 and Rs 93.65, respectively.

Call rate ends steady
Call money rates ended steady at the overnight call money market in Mumbai in Wednesday, as demand from borrowing banks matched supply.

The overnight call money rate finished stable at 10.25 per cent. It moved in a range of 10.55 per cent and 10.20 per cent.

The Reserve Bank of India under the liquidity adjustment facility (LAF) purchased securities worth Rs 39,923 crore in 64-bids at the one-day repo auction at a fixed rate of 7.25 per cent, while its sold securities worth Rs 107 crore in two-bids at one-day reverse repo auction at a fixed rate of 6.25 per cent in the evening auction.