Gilts end mixed; call rates slip

The government bonds (G-Secs) prices ended mixed on alternate bouts of buying and selling.
While, the overnight call money rate slipped at the money market owing to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 8.40 per cent government security maturing in 2024 eased to Rs 104.62 from Rs 104.70 previously, while its yield moved up to 7.71 per cent from 7.69 per cent.
The 8.60 per cent government security maturing in 2028 also moved down to Rs 106.85 from Rs 106.8650, while its yield edged-up to 7.77 per cent from 7.76 per cent.

However, the 8.15 per cent government security maturing in 2026 rose to Rs 103.7825 from Rs 103.63, while its yield fell to 7.66 per cent from 7.68 per cent.
The 8.27 per cent government security maturing in 2020, climbed by Rs 102.2950 from Rs 102.16, while its yield moved down to 7.74 per cent from 7.77 per cent.

The 8.83 per cent government security maturing in 2026, also gained to Rs 106.3775 from Rs 106.28, while its yield inched-down to 7.82 per cent from 7.83 per cent.
The overnight call money rates ended lower at 7.00 per cent from Thursday's close of 7.75 per cent and moved in a range of 7.30 and 7.00 per cent and the 3-day call money rates also finished lower at 7.55 per cent from last Friday's level of 8.05 and moved in a range of 8.25 and 7.50 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 208.23 billion in 52-bids at the 3-days repo auction at a fixed rate of 8.00 per cent today, while it sold securities worth Rs 17.83 billion from 11-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent late yesterday.