The government bond (G-Sec) gained further on persistent buying support from banks and corporate and the overnight call rates remained higher due to sustained demand from borrowing banks.
The 8.60 per cent government security maturing in 2028 rose to Rs 100.45 from Rs 100.0625 previously, while its yield fell to 8.54 per cent from 8.59 per cent.
The 8.40 per cent government security maturing in 2024 climbed to Rs 99.93 from Rs 99.63, while its yield moved down to 8.41 per cent from 8.45 per cent.
The 8.83 per cent government security maturing in 2023
also advanced to Rs 101.44 from Rs 101.1250, while its yield went down to 8.60 per cent from 8.65 per cent.
The 8.27 per cent government security maturing in 2020, the 8.12 per cent government security maturing in 2020, the 7.16 per cent government security maturing in 2023 and the 8.35 per cent government security maturing in 2022 were also quoted higher at Rs 98.94, Rs 97.79, Rs 91.19 and Rs 98.55, respectively.
The overnight call money rates ended higher at 8.10 per cent from 7.35 per cent yesterday. It moved in a range of 8.15 per cent and 7.50 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF),purchased securities worth Rs 23.22 billion in 7-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 132.29 billion from 27-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent, yesterday evening.
