Bonds remain up, call rates end higher

Government securities (G-sec) remained up on good buying support from banks and companies. Call money rates also ended higher at the overnight market here on Tuesday owing to sustained demand from borrowing banks.

The 8.28 per cent government security maturing in 2027 gained to Rs 94.395 from Rs 93.6625 previously, while its yield fell to 8.99 per cent from 9.09 per cent.

The overnight call money rate finished higher at 8.80 per cent from 8.70 per cent on Monday. It moved in a range of 8.80 per cent and 8.60 per cent.

The 8.12 per cent government security maturing in 2020 climbed to Rs 96.04 from Rs 95.50, while its yield declined to 8.89 per cent from 8.99 per cent. The 7.28 per cent government security maturing in 2019 also rose to Rs 93.40 from Rs 92.94, while its yield dipped to 8.81 per cent from 8.92 per cent.

The 9.20 per cent government security maturing in 2030, the 8.20 per cent government security maturing in 2025 and the 8.32 per cent government security maturing in 2032 also closed higher at Rs 101.35, Rs 93.40 and Rs 92.40, respectively.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility purchased securities worth Rs 40,770 crore in 64 bids at the one-day repo auction at a fixed rate of 7.75 per cent.