Government securities traded bearish on selling pressure from banks and companies.
Dealers welcomed the overhaul of rules for foreign investors, including easing registration procedures and simplifying categories, announced by the market regulator on Tuesday.
The 8.15 per cent government security maturing in 2022 dropped to Rs 102.35 from Rs 103 yesterday, while its yield climbed to 7.78 per cent from 7.68 per cent.
The 8.33 per cent government security maturing in 2026 fell to Rs 104.40 from Rs 105.22, while its yield shot-up to 7.79 per cent from 7.69 per cent.
The 8.20 per cent government security maturing in 2025 declined to Rs 103.37 from Rs 103.98, while its yield advanced to 7.77 per cent from 7.69 per cent.
The 8.07 per cent government security maturing in 2017, the 7.16 per cent government security maturing in 2023 and the 8.12 per cent government security maturing in 2020 also quoted lower at Rs 100.93, Rs 97.11 and Rs 101.83, respectively.
Call rates end higher
The call money rates ended higher at the overnight call money market here today due to good demand from borrowing banks.
The call money rates finished higher at 7.40 per cent from 6.80 per cent yesterday. It moved in a range of 7.50 per cent and 7.00 per cent.
The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 36,890 crore in 20 bids at the one-day repo auction at a fixed rate of 7.25 per cent.
