Gilts recovers, call rates ends lower

The government bond (G-Sec) recovered on good buying support from banks and corporates.
The overnight call money rate ended lower due to lack of demand from borrowing banks amid ample liquidity in the banking system..
The 8.40 per cent 10-year benchmark bond maturing in 2024 climbed to Rs 104.7075 from Rs 104.2425, while its yield dipped to 7.69 per cent from 7.75 previously.
The 8.60 per cent government security maturing in 2028 rose to Rs 107.41 as against Rs 106.85, while its yield fell to 7.70 per cent from Rs 7.76 per cent.
The 8.27 per cent government security maturing in 2020 improved to Rs 102.2350 from Rs 101.8250, while its yield dropped to 7.74 per cent from 7.84 per cent.

The 8.15 per cent government security maturing in 2026, the 8.83 per cent government security maturing in 2023 and the 8.28 per cent government security maturing in 2027 was also quoted higher at Rs 104.07, Rs 106.5825 and Rs 104.08 respectively
The overnight call money rates ended lower at 7.20 per cent from tuesday's closing level of 7.40 per cent. It moved in a wide range of 7.70 per cent and 6.95 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 22.47 billion in 7-bids at the 1-day repo auction at a fixed rate of 7.50 per cent today morning, while it sold securities worth Rs 63.68 billion from 23-bids at the 1-day reverse repo auction at a fixed rate of 6.75 per cent on March 03.