Government bonds (G-Secs) recovered on fresh buying support from banks and corporates and the overnight call money rate ended higher at the money market due to good demand from borrowing banks amidst tight liquidity in the banking system.
The 8.40 per cent government security maturing in 2024 climbed to Rs 102.53 from Rs 102.47 previously, while its yield inched down to 8.00 per cent from 8.01 per cent.
The 7.72 per cent government security maturing in 2025 gained to Rs 99.2350 from Rs 99.14, while its yield edged down to 7.83 per cent from 7.84 per cent.
Also Read
The 7.68 per cent government security maturing in 2023 also went up to Rs 97.80 from Rs 97.7650, while its yield inched down to 8.04 per cent from 8.05 per cent.
The 8.27 per cent government security maturing in 2020, the 7.88 per cent government security maturing in 2030 and 8.15 per cent government security maturing in 2026 were also quoted higher to Rs 101.09, Rs 98.73 and Rs 100.24 respectively.
The overnight call money rates ended higher at 7.25 per cent from previous closing level of 7.10 per cent. It moved in a range of 7.35 per cent and 7.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 26.80 billion in a 9 bids at the 3-days repo auction at a fixed rate of 7.25 per cent as on today.
It sold securities worth Rs 30.77 billion from 18-bids at the overnight reverse repo auction at a fixed rate of 6.25 per cent as on July 16.
