Bonds rise, call rates ends higher

The government securities (G-Sec) rose on good buying support from banks and corporates, and the call money rates also ended higher at the overnight call money market here today owing to sustained demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 climbed to Rs 100.29 from Rs 99.9550 previously, while its yield declined to 8.78 per cent from 8.83 per cent.
The 8.28 per cent government security maturing in 2027 shot up to Rs 93.20 from Rs 92.73, while its yield fell at 9.16 per cent from 9.22 per cent.
The 8.24 per cent government security maturing in 2027 also advanced to Rs 92.9850 from Rs 92.52, while its yield eased to 9.17 per cent from 9.23 per cent.

The 8.12 per cent government security maturing in 2020, the 7.28 per cent government security maturing in 2027 and the 7.16 per cent government security maturing in 2023 also quoted higher to Rs 95.58, Rs 93.25 and Rs 88.03, respectively.
The overnight call money rate finished higher at 8.75 per cent from 7.65 per cent previously.It moved in a range of 8.75 per cent and 7.70 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 251.60 billion in 29-bids at the One-day repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 0.05 billion from 1-bid at the One-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.