Mumbai, Nov 14 (PTI) Government bonds (G-Secs) weakened on heavy 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 situation in the banking system.

The 6.79 per cent government security maturing in 2027 were fell to Rs 98.22 from Rs 98.75 yesterday, while its yield rose to 7.05 per cent from 6.97 per cent.

The 6.68 per cent government security maturing in 2031 were dipped to Rs 95.93 from Rs 96.5475, while its yield moved up to 7.15 per cent from 7.07 per cent.

The 6.79 per cent government security maturing in 2029 were went-down to Rs 96.7650 from Rs 97.22, while its yield edged up to 7.19 per cent from 7.14 per cent.

The 7.16 per cent government security maturing in 2023, the 7.68 per cent government security maturing in 2023 and the 6.84 per cent government security maturing in 2022 were also quoted lower at Rs 100.80, Rs 103.33 and Rs 99.83 respectively.

The overnight call money rates finished lower at 5.80 per cent from Monday’s level 6.00 per cent. It resumed steady to 6.00 per cent and moved in a range of 6.05 per cent and 5.70 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 30.60 billion in 6-bids at the overnight repo operation at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 61.55 billion from 35-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on November 13. PTI

This is published unedited from the PTI feed.