Bonds slips, call rates end lower

Government bonds (G-Secs) slipped on selling pressure from banks and corporates.
However, the overnight call money rates ended lower at the money market due to subdued demand from borrowing banks amid ample liquidity in the banking system.
The 7.59 per cent government security maturing in 2029 fell to Rs 99.0275 from Rs 99.0775 previously, while its yield edged up by 7.71 from 7.70 per cent.
The 7.59 per cent government security maturing in 2026 declined to Rs 100.46 from Rs 100.52, while its yield inched-up by 7.52 per cent from 7.51 per cent.
The 8.27 per cent government security maturing in 2020 eased to Rs 102.31 from Rs 102.45, while its yield gained by 7.61 per cent to 7.58 per cent.

The 7.88 percent government security maturing in 2030, the 7.72 per cent government security maturing in 2025 and the 7.68 per cent government security maturing in 2023 were also quoted lower to Rs 100.04, Rs 100.00 and Rs 99.55, respectively.

The overnight call money rates finished lower by 6.00 percent from yesterday's level of 6.25 per cent. It resumed higher at 6.60 per cent and moved in a range of 6.60 and 6.00 percent. The 3-day call money rate ended at 6.15 percent. It moved in a range of 7.40 and 6.15 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 75.73 billion in 17-bids at the 3-day repo operations at a fixed rate of 6.75 per cent as on today.

It sold securities worth Rs 256.66 billion from 56-bids at the 1 day overnight reverse repo auction at a fixed rate of 5.75 per cent as on March 17.