Call rates end higher at 7.90 pc, bonds continue to rule firm

Call-money rates ended higher at 7.90 per cent on good demand from borrowing banks and bonds (G-Sec) prices continued to rule firm on mild demand from banks.
The 8.40 per cent government security maturing in 2024 rose to Rs 104.28 as compared to Rs 104.21 yesterday, while its yield fell to 7.75 per cent from 7.76 per cent.
The 8.60 per cent government security maturing in 2028 climbed to Rs 106.92 from Rs 106.72, while yield moved-down to 7.75 per cent from 7.77 per cent.
The 8.27 per cent government security maturing in 2020 gained to Rs 102.05 from Rs 101.88, while yield went-down to 7.78 per cent from 7.82 per cent.

The 8.15 per cent government security maturing in 2026 also advanced to Rs 103.74 from Rs 103.68, while yield eased to 7.65 per cent from 7.67 per cent.
The 8.83 per cent government security maturing in 2023 the 8.28 per cent government security maturing in 2027 and the 9.20 per cent government security maturing in 2030 also quoted higher at Rs 106.22, Rs 103.55 and Rs 111.59, respectively.

The overnight call money rates finished higher at 7.90 per cent from yesterday's level of 7.70 per cent. It moved in a range of 8.10 per cent and 7.00 per cent earlier.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 179.47 billion in 43-bids at the 3-day repo auction at a fixed rate of 7.50 per cent today morning.
The RBI sold securities worth Rs 54.71 billion from 22-bids at the 1-day reverse repo auction at a fixed rate of 6.50 per cent late yesterday.