Bonds, Call Rates Drop

Mumbai, April 26 (PTI) Government bonds (G-Secs) dropped on heavy selling pressure from banks and corporates and the overnight call money rates also ended lower due to lack of demand from borrowing banks amid comfortable liquidity in the banking sytem.

The 7.17 per cent 10-year benchmark bond maturing in 2028 dipped to Rs 96.0450 from Rs 96.1575, while its yield marginal up to 7.76 per cent from 7.74 per cent.

The 6.68 per cent government security maturing in 2031 went-down to Rs 89.37 from Rs 89.60, while its yield edged up to 7.99 per cent from 7.96 per cent.

The 6.79 per cent government security maturing in 2027 eased to Rs 93.05 from Rs 93.06, while its yield held stable to 7.88 per cent.

The 6.84 per cent government security maturing in 2022, the 7.37 per cent government security maturing in 2023 and the 8.15 per cent government security maturing in 2022 were also quoted lower to Rs 96.44, Rs 98.46 and Rs 101.2875 respectively.

The overnight call money rates finished lower to 5.80 per cent from Wednesday's closing level of 5.85 per cent. It resumed higher at 6.00 per cent and moved in a range of 6.10 per cent and 5.70 per cent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 122.90 billion in 14-bids at the overnight repo auction at a fixed rate of 6.00 per cent today morning, while it sold securities worth Rs 170.40 billion in 46-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on April 25. PTI

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