The government securities (G-Sec) rose further on persistent buying support from banks and corporates and the call money rates also ended higher at the overnight call money market here today due fresh demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 climbed to Rs 100.76 from Rs 100.45 previously, while its yield moved down to 8.71 per cent from 8.76 per cent.
The 8.28 per cent government security maturing in 2027 shot up to Rs 94.0750 from Rs 93.67, while its yield declined to 9.04 per cent from 9.09 per cent.
The 7.28 per cent government security maturing in 2019 also gained to Rs 93.66 from Rs 93.40, while its yield fell to 8.78 per cent from 8.84 per cent.
The 8.12 per cent government security maturing in 2020, the 8.24 per cent government security maturing in 2027 and the 7.16 per cent government security maturing in 2023 were also quoted up to Rs 95.99, Rs 93.80 and Rs 88.50, respectively.
The overnight call money rate ended higher at 8.75 per cent from 7.80 per cent last Friday. It moved in range of 9.00 per cent and 8.25 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 400.33 billion in 60-bids at the two-days repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 0.11 billion from 2-bids at the two-days reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.
