Bonds rebound, call rates remain higher

Government bonds (G-Secs) rebounded following fresh demand from corporates and banks, and the interbank call rates also remained higher due to sustained demand from borrowing banks amid tight liquidity conditions in the banking system.
The 7.59 per cent government security maturing in 2026 rose to Rs 104.2475 as compared to Rs 103.8650 previously, while its yield moved down to 6.96 per cent from 7.01 per cent.
The 7.59 per cent government security maturing in 2029 regained to Rs 104.69 from Rs 104.35, while its yield softened to 7.02 per cent from 7.06 per cent.
The 7.61 per cent government security maturing in 2030 recovered to Rs 105.51 from Rs 105.23, while its yield edged down to 6.98 per cent from 7.01 per cent.

The 7.88 per cent government security maturing in 2030, the 7.68 per cent government security maturing in 2023 and the 7.35 per cent government security maturing in 2024 were also quoted higher at Rs 107.09, Rs 104.06 and Rs 102.08, respectively.
The overnight call money rates finished higher at 6.50 per cent from Thursday's level 6.45 per cent. It resumed higher at 6.50 per cent and moved in a range of 6.50 per cent and 6.45 per cent.
The 3-days call money rates ended 6.45 per cent after moving in a range of 6.60 per cent and 6.15 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 74.29 billion in 15-bids at the 3-days repo auction at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 123.99 billion from 43-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on September 29.