Gilts slips, call rate ends lower

The government bond (G-Sec) prices slipped on the back of fresh selling pressure from banks and corporates amidst profit-taking by market participants.
The call money also ended lower at the overnight call money market here today due to lack of demand from borrowing banks amid tight liquidity conditions in the banking system.
The 8.83 per cent 10-year benchmark bond maturing in 2023 fell to Rs 100.45 from Rs 100.68, while yield moved up to 8.75 per cent from 8.72 per cent, previously.
The 8.40 per cent government security maturing in 2024 dropped to Rs 99.18 from Rs 99.35, while yield rose to 8.66 per cent from 8.64 per cent.

The 8.60 per cent government security maturing in 2028 also dipped to Rs 99.49 from Rs 99.6850, while its yield gained to 8.66 per cent from 8.64 per cent.
The 8.12 per cent government security maturing in 2020, the 8.27 per cent government security maturing in 2020 and the 8.35 per cent government security maturing in 2022 also quoted down at Rs 97.47, Rs 98.66 and Rs 97.72, respectively.
The overnight call money rates ended lower at 7.05 per cent from 8.05 per cent and moved in a range to 7.80 per cent and 7.05 per cent and the 3-days call money rate also finished lower at 7.15 per cent as against 8.40 per cent last Friday. It moved in a range of 8.50 per cent and 7.00 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 153.79 billion in 46-bids at the 3-days repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 79.77 billion from 15-bids at 1-day reverse repo auction at a fixed rate of 7.00 per cent, yesterday evening.