Bonds decline, call rates also lower

Government bonds (G-Secs) declined on selling pressure from banks and corporates, and the overnight call money rates also ended lower due to subdued demand from borrowing banks amid ample liquidity in the banking system.
The 7.72 per cent government security maturing in 2025 slipped to Rs 100.00 from Rs 100.1050 previously, while its yield edged up to 7.72 per cent from 7.70 per cent.
The 7.88 per cent government security maturing in 2030 dipped to Rs 100.02 from Rs 100.13, while its yield moved up to 7.88 per cent from 7.86 per cent.
The 8.27 per cent government security maturing in 2020 fell to Rs 101.81 from Rs 101.8750, while its yield down to 7.79 per cent from 7.77 per cent.

The 7.68 per cent government security maturing in 2023, the 8.40 per cent government security maturing in 2024 and the 8.13 per cent government security maturing in 2045 were also quoted lower to Rs 99.62, Rs 103.07 and Rs 102.08 respectively.
The overnight call money rates finished lower at 6.75 per cent from overnight close of 7.20 per cent. It resumed lower at 7.00 per cent and moved in a range of 7.15 per cent and 6.35 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 175.49 billion in a 38-bids at the overnight repo auction at a fixed rate of 6.75 per cent as on today, while it sold securities worth Rs 29.35 billion from 22-bids at the 2-days reverse repo auction at a fixed rate of 5.75 per cent as on November 24.