Government bonds closed mixed on alternate bouts on Monday of buying and selling.
The 7.80 per cent government security maturing in 2021, dropped to Rs 96.67 from 96.7350 previously, while its yield inched up to 8.31 per cent from 8.30 per cent. The 8.13 per cent government security maturing in 2022 moved down to Rs 98.15 from Rs 98.1750, while its yield held steady at 8.39 per cent.
The 8.08 per cent government security maturing 2022 and the 7.59 per cent government security maturing in 2016 were also quoted lower at Rs 97.8275 and Rs 97.33, respectively. However, the 7.83 per cent government security maturing in 2018 moved up to Rs 97.5650 from Rs 97.5550, while its yield ruled steady 8.32 per cent.
The 8.28 per cent government security maturing in 2027, the 8.28 per cent government security maturing in 2032 and the 7.17 per cent government security maturing in 2015 also ended higher at Rs 97.65, Rs 97.17 and Rs 96.50, respectively.
The Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 73,515 crore from 22 bids at the one-day repo auction at a fixed rate of 8.25 per cent and also sold securities worth Rs 240 crore from two bids at the one-day reverse repo auction at a fixed rate of 7.25 per cent.
CALL RATE RECOVERS
The call rate firmed up, ending at 8.30 per cent at the overnight call money market due to fresh demand from borrowing banks. It closed at 7.25 per cent last Friday. It moved in a range of 8.30 per cent and 8.15 per cent.