Government securities (G-Sec) bonds prices recovered on fresh buying support from banks and corporates and the overnight call money rates also ended higher on good demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 climbed to Rs 100.37 from Rs 100.0375 previously, while its yield fell to 8.77 per cent from 8.82 per cent.
The 8.24 per cent government security maturing in 2027 advanced to Rs 92.89 from Rs 92.5975, while its yield declined to 9.19 per cent from 9.23 per cent.
The 8.28 per cent government security maturing in 2027 also gained to Rs 93.10 from Rs 92.76, while its yield moved down to 9.17 per cent from 9.22 per cent.
The 8.12 per cent government security maturing in 2020, the 7.28 per cent government security maturing in 2019 and the 7.16 per cent government security maturing in 2023 were also quoted up at Rs 95.35, Rs 93.38 and Rs 87.55, respectively.
The overnight call money rate ended higher at 8.80 per cent from 7.60 previously, it moved in a range of 8.80 per cent and 7.25 per cent. The 3-days call money also finished higher at 8.80 per cent from 8.60 last Friday. It moved in a range of 8.95 per cent 7.80 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 315.61 billion in 52-bids at the 3-days repo auction at a fixed rate of 8.00 per cent as on today morning, while sold securities worth Rs 17.88 billion from 9-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent as on yesterday evening.
