Gilts end mixed, call rate slips

The government bonds (G-Sec) ended mixed on alternate bouts of buying and selling.
Meanwhile, call money rates declined at the overnight call money market here today due to lack of demand from borrowing banks amid ample liquidity conditions in the banking system.
The 8.60 per cent government security maturing in 2028 declined to Rs 100.7550 from Rs 100.8075 previously, while its yield held steady 8.50 per cent.
The 8.40 per cent government security maturing in 2024 fell back to Rs 100.17 from Rs 100.2450, while its gained to 8.37 per cent from 8.36 per cent.
The 8.83 per cent government security maturing in 2023 moved down to Rs 101.66 from Rs 101.69, while its yield held stable at 8.56 per cent.

The 8.27 per cent government security maturing in 2020, the 8.35 per cent government security maturing in 2022 and the 8.24 per cent government security maturing in 2027 also ended lower at Rs 99.22, Rs 98.85 and Rs 97.50 respectively.

However, the 8.28 per cent government security maturing in 2027 and the 8.12 per cent government security maturing in 2020 finished higher at Rs 97.81 and Rs 98.22 as compared to Rs 97.77 and Rs 98.18, respectively.
The overnight call money rates resumed lower at 8.70 per cent from previous close of 8.90 per cent and fluctuated between 8.80 per cent and 8.00 per cent before concluding at 8.25 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 209.58 billion in 54-bids at the one-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 26.94 billion from 17-bids at the one-day reverse repo auction held yesterday evening at a fixed rate of 7.00 per cent.