Government bond prices firmed up further on sustai-ned buying support from banks and companies.
The 8.79 per cent government security maturing in 2021 rose to Rs 103.05 from Rs 102.71 previously, while its yield moved down to 8.34 per cent from 8.38 per cent. The 9.15 per cent government security maturing in 2024 hardened to Rs 105.46 from Rs 104.80, while its yield fell to 8.44 per cent from 8.53 per cent.
The 7.83 per cent government security maturing in 2018 firmed up to Rs 97.70 from 97.56, while its yield looked down to 8.30 per cent from 8.33 per cent. The 7.80 per cent government security maturing in 2021, the 8.97 per cent government security maturing in 2030, the 8.08 per cent government security maturing in 2022 and the 8.13 per cent government security maturing in 2022 were also finished higher at Rs 96.21, Rs 103.65, Rs 97.90 and Rs 98.13, respectively.
The Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 1,66,055 crore from 64 bids at a one-day repo auction at a fixed rate of 8.50 per cent.
Call rate eases
The call rate eased at the overnight call money market on Monday, owing to lack of demand from borrowing banks. The rate ended lower at 9.50 per cent, compared with Friday’s closing level of 10.00 per cent. It moved in a range of 9.70 per cent and 8.90 per cent.