Bonds rise on good buying

Government securities rose on good buying support from banks and companies.

The 9.15 per cent government securities maturing in 2024 climbed to Rs 106.29 from Rs 106.0375 previously, while its yield declined 8.32 per cent from 8.35 per cent.

The 8.79 per cent government securities maturing in 2021 rose to Rs 103.2950 from 103.0650, while its yield dropped to 8.27 per cent from 8.31 per cent.

The 8.19 per cent government securities maturing in 2020 also gained to Rs 100.05 from 99.9650, while its yield edged down to 8.18 per cent from 8.20 per cent.

The 8.15 per cent government securities maturing in 2022, the 8.33 per cent maturing in 2026 and the 7.99 per cent maturing in 2017 also quoted higher at Rs 100.04, Rs 100.42 and Rs 99.48, respectively.

Call rates rule stable
Call money rate ruled stable at the overnight call money market here on Wednesday as demand from borrowing banks matched supplies.

The overnight call money rate remained steady at 8.10 per cent. It moved in a range of 8.20 per cent and 8.00 per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 50,235 crore in 26 bids at the one-day repo auction at a fixed rate of eight per cent.

The Reserve Bank of India sold securities worth Rs 80 crore from one bid at the one-day reverse repo auction at a fixed rate of seven per cent.