Bonds, call rates recover

Mumbai, Jan 17 (PTI) Government bonds (G-Secs)recovered smartly following renewed demand from corporates andbanks and the interbank call money rates also ended higher dueto good demand from borrowing banks amid tight liquiditysituation in the banking system.The 6.68 per cent government security maturing in 2031were climbed to Rs 93.06 from Rs 91.85 previously, while, itsyield eased to 7.50 per cent from 7.65 per cent.The 6.79 per cent government security maturing in 2027were gained to Rs 95.83 from Rs 94.9475 previously, while itsyield moved down to 7.42 per cent from 7.55 per cent.The 7.17 per cent government security maturing in 2028were went-up to Rs 99.63 from Rs 98.51 previously, while, itsyield slid to 7.22 per cent from 7.38 per cent.The 6.84 per cent government security maturing in2022, the 6.35 per cent government security maturing in 2020and the 8.20 per cent government security maturing in 2022were also quoted higher to Rs 98.47, Rs 99.1475 and Rs 103.35respectively.The overnight call money rates turned higher to 5.85per cent from Tuesday's level 5.80 per cent. It resumedhigher at 6.00 per cent and moved in a range of 6.05 per centand 5.75 per cent.Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 29.80 billion in 6-bids at the overnight repo opertion at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 83.62 billion from 35-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on January 16. PTI

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