Government bonds (G-Secs) prices remained under intense selling pressure from corporates and foreign funds.
The interbank call money rate retreated after a three day rally following lackluster demand from borrowing banks supported by comfortable liquidity conditions in the banking system.
The 7.88 per cent government security maturing in 2030 declined to Rs 98.99 from Rs 99.0150, while its yield held steady at 8.00 per cent.
The 7.59 per cent government security maturing in 2026 edged lower to Rs 98.9750 as against Rs 99.07 previously, while its yield firmed to 7.74 per cent from 7.72 per cent.
The 7.72 per cent government security maturing in 2025 moved down to Rs 99.2050 as compared to Rs 99.23, while its yield held unchanged at 7.84 per cent.
The 7.68 per cent government security maturing in 2023, the 8.27 per cent government security maturing in 2020 and the 7.59 per cent government security maturing in 2029 were also quoted substantially weak at Rs 99.2450, Rs 102.31 and Rs 97.03, respectively.
The overnight call money rates finished lower at 6.25 per cent from Monday's closing level of 7.25 per cent. It resumed at 7.10 per cent and fluctuated between a high of 7.15 per cent and a low of 6.00 per cent during the trade.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF),purchased securities worth Rs 211.44 billion in 48-bids at one-day repo auction at a fixed rate of 6.75 per cent this evening, while it sold securities worth Rs 42.93 billion from 26-bids at the reverse repo auction at a fixed rate of 5.75 per cent late yesterday.
