Bonds drop, call rates finish lower

Government bonds (G-Secs) prices dropped further on sustained selling by corporates and banks, while the interbank call money market finished lower owing to poor offtake from borrowing banks amid ample liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 fell to Rs 100.78 from Rs 101.03 previously, while its yield moved up to 7.47 per from 7.44 per cent.
The 7.88 per cent government security maturing in 2030 dipped to Rs 100.7750 as compared to Rs 101.18, while its yield edged up to 7.79 per cent from 7.74 per cent.
The 7.59 per cent government security maturing in 2029 also declined to Rs 99.27 as against Rs 99.68, while its yield firmed up to 7.68 from 7.64 per cent.

The 7.72 per cent government security maturing in 2025 the 8.27 per cent government security maturing in 2020 and the 7.68 per cent government security maturing in 2023 also quoted lower at Rs 100.36, Rs 102.9550 and Rs 100.4650, respectively.
The overnight call money rates ended lower at 6.30 per cent from Wednesday's level of 6.65 per cent after touching an intra-day high of 6.75 per cent. It resumed lower at 6.60 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 175.86 billion in 38-bids at overnight repo auction at a fixed rate of 6.50 per cent this evening, while it sold securities worth Rs 36.15 billion from 24-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on April 20.