Mumbai, Jul 10 (PTI) Government bonds (G-Secs) extended its gain following heavy demand from corporates and banks, and the interbank call rates also turned higher due to good demand from borrowing banks amid tight liquidity conditions in the banking sytem.

The 6.79 per cent government security maturing in 2029 surged to Rs 100.30 as compared to Rs 99.64 previously, while its yield moved down to 6.75 per cent from 6.83 per cent.

The 6.79 per cent government security maturing in 2027 climbed to Rs 102.31 from Rs 101.8550, while its yield edged down to 6.47 per cent from 6.53 per cent.

The 6.97 per cent government security maturing in 2026 rose to Rs 102.1550 from Rs 101.62, while, its yield down to 6.65 per cent from 6.73 per cent.

The 7.35 per cent government security maturing in 2024, the 7.68 per cent government security maturing in 2023 and the 7.72 per cent government security maturing in 2025 were also quoted higher at Rs 102.9150, Rs 104.9150 and Rs 105.17 respectively.

The overnight call money rates finished higher at 6.25 per cent from Last Friday’s close at 6.05 per cent. It resumed higher to 6.20 per cent and moved in a range of 6.27 per cent and 6.05 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 38.55 billion in 9-bids at the overnight repo auction at a fixed rate of 6.25 per cent as on today, while its sold securities worth Rs 182.36 billion from 69-bids at the 3-days reverse repo auction at a fixed rate of 6.00 per cent as on July 7. PTI

This is published unedited from the PTI feed.