Bonds recover, call rates finished higher

Government bonds (G-Secs) recovered 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 99.4950 from Rs 98.3500 previously, while its yield was down from 7.79 to 7.81 per cent.
The 8.40 per cent government security maturing in 2024 went up to Rs 102.84 from Rs 102.69, while its yield edged down to 7.95 per cent from 7.97 per cent.
The 7.88 per cent government security maturing in 2030 gained to Rs 99.51 from Rs 99.3675, while its yield inched down to 7.94 per cent from 7.95 per cent.

The 7.68 per cent government security maturing in 2023, 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 98.4650, Rs 101.43 and Rs 96.27 respectively.
The overnight call money rates finished higher at 7.30 per cent from Tuesday's closing level of 6.30 per cent. It resumed higher at 7.20 and moved in wide range of 7.35 per cent and lower to 6.75 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 107.30 billion in a 19-bids at the overnight repo auction at a fixed rate of 7.25 per cent as on today, while it sold securities worth Rs 71.65 billion from 28-bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent as on Aug 25.