Bonds decline, call rates finished lower

Government bonds (G-Secs) declined on selling pressure from banks and corporates and the overnight call money rates also ended lower owing to subdued demand from borrowing banks amidst tight liquidity in the banking system.
The 7.72 per cent government security maturing in 2025 slid to Rs 101.0575 from Rs 101.21 previously, while its yield edged up at 7.56 per cent from 7.54 per cent.
The 7.88 per cent government security maturing in 2030 dipped to Rs 101.38 from Rs 101.60, while its yield moved up to 7.72 per cent from 7.69 per cent.
The 8.40 per cent government security maturing in 2024 declined to Rs 104.03 from Rs 104.19, while its yield rose to 7.76 per cent from 7.73 per cent.

The 7.35 per cent government security maturing in 2024 and the 8.27 per cent government security maturing in 2020 were also quoted lower at Rs 98.1600 and Rs 102.38 respectively.
The overnight call money rates finished lower at 5.75 per cent from Wednesday's closing level of 6.80 per cent. It resumed lower at 6.75 per cent and moved in wide range of 6.80 per cent and 5.75 per cent and the 4-days call money rates closed at 6.00 per cent and moved in a range of 6.90 per cent and 5.75 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 150.81 billion in a 33-bids at the overnight repo auction at a fixed rate of 6.75 per cent as on today, while it sold securities worth Rs 209.07 billion from 48-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on Sept 30.