Mumbai, April 10 (PTI) Government bonds (G-Secs) dropped on sustained selling pressure from banks and corporates and the overnight call money rates also turned 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 fell to Rs 98.55 from Rs 99.60, while its yield rose to 7.38 per cent from 7.23 per cent.
The 6.68 per cent government security maturing in 2031 dipped to Rs 92.06 from Rs 93.38, while its yield gained to 7.63 per cent from 7.47 per cent.
The 6.79 per cent government security maturing in 2027 went-down to Rs 95.01 from Rs 95.96, while its yield moved up to 7.56 per cent from 7.41 per cent.
The 8.20 per cent government security maturing in 2022, the 6.84 per cent government security maturing in 2022 and the 7.80 per cent government security maturing in 2020 were also quoted lower to Rs 103.20, Rs 98.26 and Rs 101.7575 respectively.
The overnight call money rates finished lower to 5.85 per cent from Monday’s closing level of 5.90 per cent. It resumed higher at 6.00 per cent and moved in a range of 6.05 per cent and 5.70 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 64.75 billion in 12-bids at the overnight repo auction at a fixed rate of 6.00 per cent today morning, while it sold securities worth Rs 224.67 billion in 53-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on February 09. PTI
This is published unedited from the PTI feed.