Bonds drop, call rate ends stable

Government securities (G-Sec) bonds prices dropped on selling pressure from banks and corporates while, the overnight call money rates ended stable as demand from borrowing banks matched the supply.
The 8.83 per cent government security maturing in 2023 fell to Rs 100.5550 from Rs 100.8850 previously, while its yield climbed to 8.74 per cent from 8.69 per cent.
The 8.12 per cent government security maturing in 2020 declined to Rs 95.2450 from Rs 95.55, while its yield moved-up to 9.07 per cent from 9.00 per cent.
The 8.28 per cent government security maturing in 2027 also dipped to Rs 93.15 from Rs 93.62, while its yield gained to 9.17 per cent from 9.11 per cent.

The 7.28 per cent government security maturing in 2019, the 8.24 per cent government security maturing in 2027 and the 7.16 per cent government security maturing in 2023, were also quoted down at Rs 93.24, Rs 92.82 and Rs 87.85, respectively.
The overnight call money rate ended stable at 9.15 per cent, it moved in a range of 9.20 per cent and 8.80 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 373.87 billion in 58-bids at the 1-day repo auction at a fixed rate of 8.00 per cent as on today morning, while sold securities worth Rs 7.70 billion from 2-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent as on last evening.