Government bonds gain, call money rates turn lower
Mumbai: Government bonds (G-Secs) gained on good buying support from banks and corporates.
While, the overnight call money rates turned lower at the money market due to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 6.79 per cent government security maturing in 2029 were climbed to Rs 100.2850 from Rs 100.0925 previously, while its yield inched down to 6.76 per cent from 6.77 per cent.
The 7.73 per cent government security maturing in 2034 rose to Rs 106.5950 from Rs 106.55, while its yield ruled steady to 7.06 per cent.
The 7.72 per cent government security maturing in 2025 moved up to Rs 105.3450 from Rs 105.32, while its yield held stable to 6.83 per cent.
The overnight call money rates ended lower to 6.10 per cent from its Monday's level of 6.15 per cent. It commenced higher at 6.25 per cent and moving in a range of 6.25 per cent and 6.00 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 29.20 billion in 3-bids at the overnight repo operations at a fixed rate of 6.25 per cent as on today, while its sold securities worth Rs 51.05 billion in 30-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on July 17.
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