The government securities (G-Sec) turned bearish on selling pressure from banks and corporates, and the call money rates ended lower at the overnight call money market here today due to lack of demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 slipped to Rs 101.31 from Rs 101.3850 previously, while its yield edged-up to 8.63 per cent from 8.62 per cent.
The 8.28 per cent government security maturing in 2027 declined to Rs 94.60 from Rs 95.02, while its yield moved-up to 8.97 per cent from 8.91 per cent.
The 8.12 per cent government security maturing in 2020 also gained to Rs 96.56 from Rs 96.52, while its yield softened to 8.79 per cent from 8.80 per cent.
The 7.28 per cent government security maturing in 2027, the 8.24 per cent government security maturing in 2027 and the 7.16 per cent government security maturing in 2023 were also quoted down to Rs 94.1250, Rs 94.35 and Rs 88.90, respectively.
The overnight call money rate ended lower at 7.25 per cent from 8.80 per cent previously. It moved in a range of 8.75 per cent and 7.00 per cent while, the 3-days call money rate finish higher at 8.85 per cent from 8.00 per cent last Friday.It moved in a range of 8.85 per cent and 8.65 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 407.58 billion in 62-bids at the three-days repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 10.61 billion from 4-bids at the three-days reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.
