Mumbai, Nov 13 (PTI) Government bonds (G-Secs) dropped on selling pressure from banks and corporates, while, the overnight call money rates ended higher following good demand from borrowing banks amid tight liquidity in the banking system.
The 6.79 per cent 10-year benchmark bond maturing in 2027 were slid to Rs 98.75 from Rs 98.86 previously, while its yield inched up to 6.97 per cent from 6.96 per cent.
The 6.68 per cent government security maturing in 2031 were slipped to Rs 96.5475 from Rs 96.6550 previously, while, its yield edged up to 7.07 per cent from 7.06 per cent.
The 6.79 per cent government security maturing in 2029 were fell to Rs 97.22 from Rs 97.3350 previously, while its yield up to 7.14 per cent from 7.12 per cent.
The 6.84 per cent government security maturing in 2022, the 7.16 per cent government security mauturing in 2023 and the 8.17 per cent government security maturing in 2044 were also quoted lower to Rs 100.1350, Rs 101.13 and Rs 107.43 respectively.
The overnight call money rates finished higher at 6.00 per cent from Last Friday’s level of 5.85 per cent. It resumed higher at 6.00 per cent and moved in a range of 6.05 per cent and 5.90 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 28.40 billion in 7-bids at the overnight repo auction at a fixed rate of 6.00 per cent today morning, while its sold securities worth Rs 362.58 billion in 76-bids at the 3-days reverse repo auction at a fixed rate of 5.75 per cent as on November 10.
This is published unedited from the PTI feed.