Government bonds' prices maintained its bearish trend on persistent unwinding from banks and companies amid speculation that interest rates could stay higher ahead of the Reserve Bank of India's monetary policy review this week. The 8.83 per cent government security (G-sec) maturing in 2023 fell to Rs 100.40 from Rs 100.58 previously, while its yield gained to 8.77 per cent from 8.74 per cent.
The 8.12 per cent G-sec maturing in 2020 also declined to Rs 95.68 from Rs 95.91, while yield moved up to 8.97 per cent from 8.92 per cent. The 7.28 per cent G-sec maturing in 2019, the 8.24 per cent G-sec maturing in 2027 and the 7.16 per cent G-sec maturing in 2023 were also quoted lower at Rs 93.55, Rs 93.28 and Rs 88.10, respectively.
Call rates recover
Call money rates recovered on the back of renewed demand from borrowing banks. The overnight rates finished higher at 7.75 per cent from 7.60 per cent last Friday. It moved in a range of 8.35 per cent and 7.40 per cent.
