The government bonds dropped on continued selling pressure from banks and corporates,while call money rates maintained a steady trend at the overnight call money market here today as demand from borrowing banks matched supplies. The 8.33 per cent government security maturing in 2026 dipped to Rs 99.4250 from 99.80 yesterday,while its yield rose to 8.40 per cent from 8.35 per cent. The 8.15 per cent government security maturing in 2022 fell to Rs 99.3825 from 99.6925,while its yield surged 8.24 per cent from 8.19 per cent. The 8.19 per cent government security maturing in 2020 plunged to Rs 99.1975 from Rs 99.4950 while its yield gained to 8.34 per cent from 8.28 per cent. The 8.07 per cent government security maturing in 2017,the 9.15 per cent government security maturing in 2024 and the 8.79 per cent government security maturing in 2021 were also quoted lower at Rs 99.3700,Rs 105.5125 and Rs 102.5700 respectively. The call money rate finished stable at 8.00 per cent. The 3-days call money rate also ended steady at 7.95 per cent from last Friday,It moved in a range of 8.05 per cent and 7.90 per cent. The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 370.80 billion from 18 bids at the three-days repo auction at a fixed rate of 8 per cent,while sold securities worth Rs .05 billion from single bid at the three-days reverse repo auction at a fixed rate of 7 per cent.
