The government securities (G-Sec) maintained its downtrend on sustained selling pressure from banks and corporates while, the overnight call money market rates ended higher owing to good demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 dropped to Rs 98.27 from Rs 98.49 previously, while its yield climbed to 9.10 per cent from 9.07 per cent.
The 8.28 per cent government security maturing in 2027 declined to Rs 91.3525 from Rs 91.44, while its yield moved-up to 9.43 per cent from 9.41 per cent.
The 7.28 per cent government security maturing in 2019 also fell to Rs 92.69 from Rs 92.72, while its yield ended stable at 9.08 per cent.
The 8.12 per cent government security maturing in 2020, the 8.24 per cent government security maturing in 2027 and the 8.33 per cent government security maturing in 2026 were also quoted lower at Rs 94.23, Rs 91.23 and Rs 92.22, respectively.
The overnight call money rate finished higher at 9.10 per cent from 7.00 per cent last Friday. It moved in a range of 9.10 per cent and 8.00 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 108.42 billion in 47-bids at the 2-day repo auction at a fixed rate of 8.00 per cent today morning, while the sold securities worth Rs 135.36 billion from 23-bids at the 3-days reverse repo auction at a fixed rate of 7.00 per cent as on last Friday.
