Bonds climb; call rates end higher

Government bonds (G-Secs) prices climbed on good demand from banks and corporates and the overnight call money rate also ended higher at the money market due to fresh demand from borrowing banks amid tight liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 rose to Rs 100.61 from Rs 100.55 previously, while its yield inched down to 7.50 per cent from 7.51 per cent.
The 8.27 per cent government security maturing in 2020 gained to Rs 102.5950 as compared to Rs 102.4975, while its yield edged down to 7.53 per cent from 7.56 per cent.

The 7.72 per cent government security maturing in 2025 moved up to Rs 100.1475 as against to Rs 100.01, while its yield was quoted at 7.69 per cent.
The 7.88 per cent government security maturing in 2030, the 7.68 per cent government security maturing in 2023 and the 7.28 per cent government security maturing in 2019 were quoted at Rs 100.34, Rs 99.9375 and Rs 99.5375 respectively.
However, 7.59 per cent government security maturing in 2029 dipped to Rs 99.0175 as against to Rs 99.0350, while its yield held stable at 7.71 per cent.
The overnight call money rates finished higher at 6.00 per cent from Wednesday's close of 5.80 per cent. It resumed higher at 7.20 per cent and moved in a wide range of 8.30 per cent and 5.75 per cent.

Meanwhile, the Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 158.26 billion in 34-bids at overnight repo auction at a fixed rate of 6.75 per cent today, while it sold securities worth Rs 157.18 billion from 46-bids at the four-days reverse repo auction at a fixed rate of 5.75 per cent as on March 24.