Mumbai, Apr 09 (PTI) Government bonds (G-Secs) dropped on selling pressure from banks and corporates, while the overnight call money rates ended higher due to good demand from borrowing banks amidst tight liquidity in the banking sytem.

The 7.17 per cent 10-year benchmark bond maturing in 2028 dipped to Rs 99.60 from Rs 99.95 previously, while its yield gained to 7.23 per cent from 7.17 per cent.

The 6.68 per cent government security maturing in 2031 declined to Rs 93.38 from Rs 93.92, while its yield moved up to 7.47 per cent from 7.40 per cent.

The 6.79 per cent government security maturing in 2027 fell to Rs 95.96 from Rs 96.37, while its yield rose to 7.41 per cent from 7.34 per cent.

The 7.80 per cent government security maturing in 2020, the 8.20 per cent government security maturing in 2022 and the 7.16 per cent government security maturing in 2023 were also quoted lower to Rs 101.88, Rs 103.55 and Rs 99.70 respectively.

The overnight call money rates finished higher to 5.90 per cent from last Friday’s closing level of 5.75 per cent.

Its resumed higher to 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 35.35 billion in 7-bids at the overnight repo operations at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 164.36 billion in 41-bids at the 2-days reverse repo auction at a fixed rate of 5.75 per cent as on April 07.

This is published unedited from the PTI feed.