Government bonds eases, while call rates turns higher
Mumbai: Government bonds (G-Secs) eased on selling pressure from banks and corporates, while the overnight call money rates rose due to good demand from borrowing banks amidst tight liquidity in the banking sytem.
The 7.17 percent 10-year benchmark bond maturing in 2028 fell to Rs 99.95 from Rs 100.28 previously, while its yield rose to 7.17 percent from 7.13 percent.
The 6.68 per cent government security maturing in 2031 declined to Rs 93.92 from Rs 94.48, while its yield moved up to 7.40 per cent from 7.33 per cent.
The 6.79 per cent government security maturing in 2027 dropped to Rs 96.37 from Rs 96.79, while its yield gained to 7.34 per cent from 7.28 per cent.
The 7.16 per cent government security maturing in 2023, the 8.27 per cent government security maturing in 2020 and the 7.80 per cent government security maturing in 2020 were also quoted lower to Rs 99.90, Rs 103.0250 and Rs 102.00 respectively.
The overnight call money rates ended higher to 5.75 per cent from its Thursday's closing level of 5.65 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 36.85 billion in 6-bids at the 3-days repo operations at a fixed rate of 6.00 per cent as on today, while it sold securities worth Rs 510.39 billion in 73-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on April 05.
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