The government securities (G-Sec) closed bearish on sustained selling pressure from banks and corporates, while the call money rates ended higher at the overnight call money market due to good demand from borrowing banks.
The 7.16 per cent government security maturing in 2023 dropped to Rs 91.6500 from Rs 93.2200, while its yield climbed to 8.60 per cent from 8.35 per cent.
The 8.07 per cent government security maturing in 2017 fell to Rs 97.3400 from Rs 98.3000, while its yield shot up to 8.88 per cent from 8.58 per cent.
The 8.33 per cent government security maturing in 2026 dipped to Rs 97.9200 from Rs 99.8500, while its yield advanced to 8.60 per cent from 8.35 per cent.
The 8.20 per cent government security maturing in 2025, the 9.15 per cent government security maturing in 2024 and the 8.30 per cent government security maturing in 2042 also quoted lower at Rs 96.9500, Rs 103.2000 and Rs 95.7500, respectively.
The overnight call money rate finished higher at 7.00 per cent from 6.50 per cent yesterday. It moved in a wide range of 10.15 per cent and 7.00 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 332.63 billion in 49-bids at the one-day repo auction at a fixed rate of 7.25 per cent while sold securities worth Rs 44.25 billion in eight bids at the one-day reverse repo auction at a fixed rate of 6.25 pct.
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