Bonds finish mixed amid weak rupee; call rates firm up

Government bonds (G-Secs) prices displayed a mixed trend due to alternate bouts of buying and selling on the back of highly volatile currency market.
The interbank call money rate firmed up further due to sustained demand from borrowing banks as well as tight liquidity conditions in the banking system.
The 7.59 per cent government security maturing in 2026 spiked to Rs 99.1250 from Rs 99.09 yesterday, while its yield maintained a steady tone at 7.72 per cent.
The 7.88 per cent government security maturing in 2030 rose to Rs 99.08 as against Rs 99.09, its yield held stable at 7.99 per cent.

The 8.27 per cent government security maturing in 2020 also moved higher to Rs 102.34 compared to Rs 102.32, while its yield softened to 7.62 per cent.
However, the 7.72 per cent government security maturing in 2025, the 7.59 per cent government security maturing in 2029 and the 7.68 per cent government security maturing in 2023 were quoted substantially lower at Rs 99.32, Rs 97.0350 and Rs 99.25, respectively.
The overnight call money rates finished firmly higher at 7.35 per cent from Wednesday's closing level of 6.80 per cent after fluctuating between 7.55 per cent and 6.60 per cent during the trade.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF),purchased securities worth Rs 212.41 billion in 48-bids at one-day repo auction at a fixed rate of 6.75 per cent this evening, while it sold securities worth Rs 21.18 billion from 29-bids at the reverse repo auction at a fixed rate of 5.75 per cent late yesterday.