Bonds rebound; call rates end higher

Government bonds (G-Secs) prices rebounded smartly on renewed demand from banks and corporates and the overnight call money rate also ended higher at the money market due to good demand from borrowing banks amid tight liquidity in the banking system.
The 7.59 per cent government security maturing in 2029 rose to Rs 99.31 from Rs 99.0275 previously, while its yield moved down to 7.67 per cent from 7.71 per cent.
The 7.59 per cent government security maturing in 2026 gained to Rs 100.5725 as compared to Rs 100.46, while its yield edged down to 7.50 per cent from 7.52 per cent.

The 7.88 per cent government security maturing in 2030 climbed to Rs 100.29 as against to Rs 100.04, while its yield fell to 7.85 per cent from 7.88 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 were also quoted higher at Rs 100.1575, Rs 102.3525 and Rs 99.64 respectively.
The overnight call money rates finished higher at 6.60 per cent from Friday's close of 6.00 per cent. It resumed higher at 7.00 per cent and moved in a range of 7.55 per cent and 6.60 per cent.

Meanwhile, the Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 207.58 billion in 40-bids at overnight repo auction at a fixed rate of 6.75 per cent today, while it sold securities worth Rs 40.11 billion from 27-bids at the two-days reverse repo auction at a fixed rate of 5.75 per cent as on March 19.