The government bond (G-Sec) prices recovered smartly on the back of renewed demand from corporates and market participants.
Call money rates also firmed up further owing to sustained demand from borrowing banks driven by tight liquidity conditions in the banking system.
The new benchmark 7.72 per cent government security maturing in 2025 recouped to Rs 99.1950 from overnight level of Rs 99.1725, while its yield held steady at 7.84 per cent.
The 8.40 per cent government security maturing in 2024 rose to Rs 102.49 from Rs 102.4575, its yield also held stable at 8.01 per cent.
The 7.68 per cent government security maturing in 2023 edged higher to Rs 98.2150 as against Rs 98.1350, while its yield softened to 7.97 per cent.
The 7.88 per cent government security maturing in 2030, the 8.15 per cent government security maturing in 2026 and the 8.83 per cent government security maturing in 2023 also quoted substantially higher at Rs 99.05, Rs 100.4450 and Rs 104.54, respectively.
However, 8.27 per cent government security maturing in 2020 and 7.16 per cent maturing in 2023 eased marginally to Rs 101.13 and Rs 94.78.
The overnight call money rates moved up to 7.25 per cent from Tuesday's closing level of 7.15 per cent after trading in a range of 7.20 per cent and 6.70 per cent in early trade.
Meanwhile, the Reserve Bank of India, under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 25.06 billion in 8-bids at the one-day overnight repo auction at a fixed rate of 7.25 per cent this morning, while its sold securities worth Rs 38.01 billion from 20-bids at the reverse repo auction at a fixed rate of 6.25 per cent late yesterday.
