Bonds remain weak

The 8.20% government security maturing in 2025 fell to Rs 92.25 from 93.50, while its yield gained 9.28% from 9.10%

Government bonds remained weak on selling pressure from banks and corporates.

The 7.16 per cent government security maturing in 2023 dropped to Rs 88.45 from 89.50 on tuesday, while its yield rose to 8.97 per cent from 8.13 per cent.

The 8.20 per cent government security maturing in 2025 fell to Rs 92.25 from 93.50, while its yield gained 9.28 per cent from 9.10 per cent.

The 8.33 per cent government security maturing in 2026 slid to Rs 93.10 from Rs 94.30, while its yield moved up to 9.26 per cent from 9.09 per cent.

The 7.28 per cent government security maturing in 2019, the 8.97 per cent government security maturing in 2030 and 8.15 per cent government security maturing in 2022 also quoted lower at Rs 90.75, Rs 97.55 and Rs 93.25 respectively.

Bonds fell for a fourth straight session on Wednesday in volatile trading, tailing the rupee which made new lows on fears that foreigners would continue to exit the country as economic challenges mount.

Call rates finish higher
Call rates rose at the overnight call money market here today on sustained demand from borrowing banks.

The call money rate finished higher at 10.25 per cent from yesterday's 10.15 per cent, it moved in a range of 10.40 per cent and 10.00 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 390.74 billion from 63-bids at the One-day repo auction at a fixed rate of 7.25 per cent, while sold securities worth Rs 0.18 billion from two-bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent in the evening auction.