Government bond prices dropped further on sustained selling pressure from banks and corporates.
The call rate ended at 4.50 per cent on mild demand from borrowing banks after moving in a range of 5.10 per cent to 4.50 per cent on the overnight call money market here today.
The 7.80 per cent government security maturing in 2020 dropped to Rs 98.71 from 98.80 previously, while its yield edged up to 7.99 per cent from 7.98 per cent.
The 8.08 per cent government security maturing in 2022 declined to Rs 100.22 from Rs 100.35, while its yield moved up to 8.05 per cent from 8.03 per cent.
The 8.13 per cent government security maturing in 2022 fell to Rs 100.47 from Rs 100.57, while its yield looked up to Rs 8.07 per cent from 8.05 per cent.
The 7.17 per cent government security maturing in 2015, the 8.26 per cent government security maturing in 2027, the 7.46 per cent government security maturing in 2017 and the 7.27 per cent government security maturing in 2013 also ended lower at Rs 97.82, Rs 99.03, 97.06 and Rs 100.25, respectively.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF), sale of securities worth Rs 17,860 crore from 14 bids at the one-day reverse repo auction at a fixed rate of 4.50 per cent.
