Government bonds turned bearish on selling pressure from banks and companies. The 7.16 per cent government security maturing in 2023 eased to Rs 89.68 from Rs 90.01 previously, while its yield rose to 8.77 per cent from 8.71 per cent. The 8.28 per cent government security maturing in 2027 declined to Rs 93.25 from 93.6650, while its yield climbed 9.14 per cent from 9.09 per cent. The 8.20 per cent government security maturing in 2025 moved down to Rs 92.35 from Rs 92.45, while its yield inched up to 8.27 per cent from 8.26 per cent.
Call rates finish higher
Call rates rose at the overnight call money market on Monday on good demand from borrowing banks. The rates finished higher at 9.45 per cent from Friday's 7.50 per cent, it moved in a range of 10 per cent and 9.40 per cent.
The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 37,741 crore from 61 bids at the one-day repo auction at a fixed rate of 7.50 per cent, while its sold securities worth Rs 15,586 crore from eight bids at the one-day reverse repo auction at a fixed rate of 6.50 per cent.
Call rates finish higher
Call rates rose at the overnight call money market on Monday on good demand from borrowing banks. The rates finished higher at 9.45 per cent from Friday's 7.50 per cent, it moved in a range of 10 per cent and 9.40 per cent.
The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 37,741 crore from 61 bids at the one-day repo auction at a fixed rate of 7.50 per cent, while its sold securities worth Rs 15,586 crore from eight bids at the one-day reverse repo auction at a fixed rate of 6.50 per cent.