Government securities (G-sec) declined on fresh selling pressure from banks and companies. The 9.15 per cent (G-sec) maturing in 2024 declined to Rs 104.60 from last Friday’s close of Rs 104.67, while its yield inched up to 8.54 per cent from 8.53 per cent. The 8.79 per cent (G-sec) maturing in 2021 dropped to Rs 101.6 from Rs 101.7, while its yield improved to 8.54 per cent from 8.53 per cent.
Call rates recover
Call rates recovered at the overnight call money market here on Monday due to increased demand from borrowing banks amid scarcity of liquidity in the banking system. The overnight call rate finished higher at 8.2 per cent from last weekend’s level of eight per cent.