Bonds recover, call rates end lower

Government bonds (G-Secs) recovered on fresh buying support from banks and corporates. While, the overnight call money rate ended lower at the money market due to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 8.40 per cent government security maturing in 2024 rose to Rs 104.6500 from Rs 104.34 previously, while its yield dipped to 7.70 per cent from 7.74 per cent.
The 8.60 per cent government security maturing in 2028 climbed to Rs 107.3275 from Rs 106.89, while its yield fell to 7.71 per cent from 7.76 per cent.
The 8.27 per cent government security maturing in 2020 also gained to Rs 102.36 from Rs 102.0800, while its yield declined to 7.72 per cent from 7.78 per cent.

The 8.15 per cent government security maturing in 2026, the 8.83 per cent government security maturing in 2023 and the 8.28 per cent government security maturing in 2027 were also quoted higher at Rs 103.95, Rs 106.64 and Rs 104.19 respectively.
The overnight call money rates ended lower at 6.80 per cent from Thursday's closing level of 7.00 per cent. It moved in a range of 7.85 per cent and 6.80 per cent and the 3-days call money rates ended lower at 6.85 per cent from last Friday's closing level of 7.95 per cent. It moved in a range of 7.95 per cent and 6.75 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 90.16 billion in 28-bids at the 3-days repo auction at a fixed rate of 7.75 per cent as on today, while it sold securities worth Rs 45.08 billion from 18-bids at the 1-day reverse repo auction at a fixed rate of 6.75 per cent as on Feb 12.