Bonds weaken, call rates turn lower

Government bonds (G-Secs) weakened on selling pressure from banks and corporates and the interbank call rates also finished lower due to lack of demand from borrowing banks amid ample liquidity in the banking system.

The 6.97 per cent government security maturing in 2026 declined to Rs 101.7475 from Rs 102.2150 previously, while its yield moved up to 6.72 per cent from 6.66 per cent.

The 7.59 per cent government security maturing in 2026 dipped to Rs 105.11 from Rs 105.6750, while its yield rose to 6.83 per cent from 6.75 per cent.

The 7.61 per cent government security maturing in 2030 slid to Rs 105.93 from Rs 106.4175, while its yield edged up to 6.93 per cent from 6.87 per cent.
 

The 7.59 per cent government security maturing in 2029, the 7.68 per cent government security maturing in 2023 and the 7.88 per cent government security maturing in 2030 also quoted lower at Rs 105.10, Rs 105.20 and Rs 107.5025, respectively.

The overnight call money rates ended lower at 6.15 per cent from Thursday's level of 6.25 per cent. It resumed higher at 6.30 per cent and moved in a range of 6.30 per cent and 5.75 per cent.

The 4-day call money rates also finished at 6.20 per cent and moved in a range of 6.35 per cent and 6.15 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 102.25 billion in a 21-bids at the 4-days repo auction at a fixed rate of 6.25 per cent as on today, while it sold securities worth Rs 111.87 billion from 34-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on November 10.