The government bond (G-Sec) prices rallied further on sustained demand from corporates as well as value buying by traders.
While, interbank call rates moved down due to lack of demand from borrowing banks on the back of ample liquidity in the banking system.
The new benchmark 7.72 per cent government security maturing in 2025 rose to Rs 99.40 from Rs 99.1950 yesterday, while its yield declined to 7.81 per cent.
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The 8.40 per cent government security maturing in 2024 jumped to Rs 102.6950 compared to Rs 102.49, its yield fell to 7.97 per cent.
The 7.88 per cent government security maturing in 2030 firmed up to Rs 99.22 as against Rs 99.05, while its yield edged down to 7.97 per cent.
The 7.68 per cent government security maturing in 2023, the 8.27 per cent government security maturing in 2020 and the 8.15 per cent government security maturing in 2026 also quoted substantially higher at Rs 98.4150, Rs 101.2475 and Rs 100.68, respectively.
The overnight borrowing rates finished marginally lower at 7.15 per cent against Wednesday's closing level of 7.25 per cent. It touched a high of 7.28 and low of 6.70 per cent in early trade.
Meanwhile, the Reserve Bank of India, under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 26.74 billion in 8-bids at the one-day overnight repo auction at a fixed rate of 7.25 per cent this morning, while its sold securities worth Rs 29.59 billion from 18-bids at the reverse repo auction at a fixed rate of 6.25 per cent late yesterday.
