Government bonds prices continued its bearish trend on consistent selling from banks and corporates and the overnight call money rates slipped owing to lack of demand from borrowing banks amidst ample liquidity in the banking system.
The 8.28 per cent government security maturing in 2027 eased to Rs 93.38 from Rs 93.40 previously, while its yield inched-up to 9.14 per cent from 9.13 per cent.
The 8.12 per cent government security maturing in 2020 declined to Rs 95.56 from Rs 95.68, while its yield gained to 9.00 per cent from 8.97 per cent.
The 7.28 per cent government security maturing in 2019 also dipped to Rs 93.42 from Rs 93.55, while its yield moved up to 8.85 per cent from 8.81 per cent.
The 7.16 per cent government security maturing in 2023, the 8.24 per cent government security maturing in 2027 and the 9.20 per cent government security maturing in 2030 were also quoted lower at Rs 88.03, Rs 93.20 and Rs 100.80, respectively.
The overnight call money rate ended lower at 7.50 percent from 7.75 per cent yesterday. It moved in a range of 8.30 per cent and 7.00 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 374.91 billion in 59-bids at the 1-day repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 2.31 billion from 5-bids at the 1-day reverse repo auction at a fixed rate of 6.75 per cent.
