Bonds rebound, call rates finish higher

Government bonds (G-Secs) rebounded on fresh buying support from banks and corporates.
The overnight call money rates also finished higher owing to good demands from borrowing banks amid adequate liquidity in the banking system.
The 7.72 per cent government security maturing in 2025 rose to Rs 99.64 from Rs 99.4350 previously, while its yield was down to 7.77 from 7.80 per cent.
The 7.88 per cent government security maturing in 2030 went up to Rs 99.83 from Rs 99.5325, while its yield edged down to 7.90 per cent from 7.93 per cent.
The 7.68 per cent government security maturing in 2023 gained to Rs 98.6050 from Rs 98.4375, while its yield moved down to 7.91 per cent from 7.94 per cent.

The 8.40 per cent government security maturing in 2024, the 8.27 per cent government security maturing in 2020 and the 7.35 per cent government security maturing in 2024 were also quoted higher to Rs 102.8575, Rs 10.4150 and Rs 96.4150 respectively.
The overnight call money rates finished higher at 8.20 per cent from Monday's closing level of 6.75 per cent. It resumed higher at 7.10 and moved in wide range of 8.20 per cent and lower to 7.10 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 29.07 billion in a 9-bids at the overnight repo auction at a fixed rate of 7.25 per cent as on today, while it sold securities worth Rs 41.66 billion from 23-bids at the overnight reverse repo auction at a fixed rate of 6.25 per cent as on September 07.