Mumbai, Mar 28 (PTI) Government bonds (G-Secs) declined today on selling pressure from banks and corporates and the overnight call money rates too eased 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 slipped to Rs 98.42 from Rs 98.8575 previously, 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 declined to Rs 95.03 from Rs 95.53, while its yield rose to 7.55 per cent from 7.47 per cent.
The 6.68 per cent government security maturing in 2031 fell to Rs 92.36 from Rs 92.9625, while its yield edged up to 7.60 per cent from 7.52 per cent.
The 8.27 per cent government security maturing in 2020, the 6.84 per cent government security maturing in 2022 and the 8.12 per cent government security maturing in 2020 were also quoted lower to Rs 102.82, Rs 98.12 and Rs 102.74 respectively.
The overnight call money rates ended lower to 5.25 per cent from Tuesday’s closing level of 6.10 per cent. It resumed at 6.00 per cent and moved in a range of 6.10 per cent and 5.25 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 97.17 billion in 23-bids at the 6-day repo operations at a fixed rate of 6.00 per cent as on today, while it sold securities worth Rs 681.10 billion in 75-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on March 27.
This is published unedited from the PTI feed.