Bonds remain bearish
The 8.28% G-sec maturing in 2027 fell to Rs 96.59 from Rs 96.98, while its yield gained to 8.71% from 8.66%
Government securities (G-secs) continued to remain bearish on sustained selling from banks and companies.
The 8.83 per cent G-sec maturing in 2023 declined to Rs 101.14 from Rs 101.48, while its yield moved up to 8.64 per cent from 8.60 per cent.
The 8.28 per cent G-sec maturing in 2027 fell to Rs 96.59 from Rs 96.98, while its yield gained to 8.71 per cent from 8.66 per cent.
The 8.35 per cent G-sec maturing in 2022, the 8.24 per cent maturing in 2027 and the 7.80 per cent maturing in 2020 were also quoted lower at Rs 98.06, Rs 96.40 and Rs 95.93, respectively.
Call rates end higher
The overnight call rates ended higher due to sustained demand from borrowing banks. The rates finished higher at 8.75 per cent from 8.70 per cent previously and moved in a range of nine per cent and 8.10 per cent. The Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 21,810 crore in 57 bids at the one-day repo auction at a fixed rate of eight per cent on Monday, while it sold securities worth Rs 843 crore from nine bids at the three-day reverse repo auction at a fixed rate of seven per cent on Friday.
The 8.83 per cent G-sec maturing in 2023 declined to Rs 101.14 from Rs 101.48, while its yield moved up to 8.64 per cent from 8.60 per cent.
The 8.28 per cent G-sec maturing in 2027 fell to Rs 96.59 from Rs 96.98, while its yield gained to 8.71 per cent from 8.66 per cent.
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The 8.12 per cent G-sec maturing in 2020 also dropped to Rs 97.30 from Rs 97.55, while its yield rose to 8.67 per cent from 8.62 per cent.
The 8.35 per cent G-sec maturing in 2022, the 8.24 per cent maturing in 2027 and the 7.80 per cent maturing in 2020 were also quoted lower at Rs 98.06, Rs 96.40 and Rs 95.93, respectively.
Call rates end higher
The overnight call rates ended higher due to sustained demand from borrowing banks. The rates finished higher at 8.75 per cent from 8.70 per cent previously and moved in a range of nine per cent and 8.10 per cent. The Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 21,810 crore in 57 bids at the one-day repo auction at a fixed rate of eight per cent on Monday, while it sold securities worth Rs 843 crore from nine bids at the three-day reverse repo auction at a fixed rate of seven per cent on Friday.