Bonds gain, call rates finish higher

Government bonds (G-Secs) gained on buying support from banks and corporates and the overnight call money rates finished higher due to good demand from borrowing banks amid adequate liquidity in the banking system.
The 7.59 per cent government security maturing in 2029 climbed to Rs 98.04 from Rs 97.66 previously, while its yield fell to 7.83 per cent from 7.88 per cent.
The 7.59 per cent government security maturing in 2026 shot-up to Rs 99.92 from Rs 99.73, while its yield moved down to 7.60 from 7.63 per cent.
The 8.27 per cent government security maturing in 2020 rose to Rs 102.1725 from Rs 101.9750, while its yield eased to 7.65 per cent from 7.71 per cent.

The 7.88 per cent government security maturing in 2030, the 7.72 per cent government security maturing in 2025 and the 7.68 per cent government security maturing in 2023 were also quoted higher at Rs 99.33, Rs 99.78 and Rs 99.2050, respectively.
The overnight call money rates finished higher at 7.50 per cent from Friday's closing level of 6.00 per cent. It resumed higher at 7.00 per cent and moved in a wide range of 7.60 per cent and 6.50 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 93.63 billion in 24-bids at the overnight repo auction at a fixed rate of 6.75 per cent as on today.

It sold securities worth Rs 85.08 billion from 43-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on March 11.