Bonds gain, call rates remain lower

Government bonds (G-Secs) gained on sustained buying from banks and corporates, while the overnight call money rates finished lower owing to subdued demand from borrowing banks amid tight liquidity in the banking system.
The 7.72 per cent government security maturing in 2025 gained to Rs 99.7750 from Rs 99.7725 previously, while its yield ruled stable at 7.75 per cent.
The 7.88 per cent government security maturing in 2030 climbed to Rs 99.9750 from Rs 99.9525, while its yield eased to 7.88 per cent from 7.89 per cent.
The 7.68 per cent government security maturing in 2023 rose to Rs 98.7625 from Rs 102.7450, while its yield moved down to 7.88 per cent from 7.89 per cent.

The 8.40 per cent government security maturing in 2024, the 8.27 per cent government security maturing in 2020 and the 8.15 per cent government security maturing in 2026 were also quoted higher to Rs 103.0625, Rs 101.4850 and Rs 101.12, respectively.
The overnight call money rates finished lower at 6.50 per cent from yesterday's closing level of 6.85 per cent. It resumed higher at 7.20 and moved in wide range of 7.20 per cent and 6.50 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 28.19 billion in a 10-bids at the overnight repo auction at a fixed rate of 7.25 per cent as on today, while it sold securities worth Rs 53.73 billion from 29-bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent as on September 1.