The government securities (G-Sec) improved further on sustained demand from banks and corporates while call rates reversed its downtrend and closed higher at the Overnight call money market today on lack of supply in the banking system. The 9.15 per cent (G-Sec) maturing in 2024 hardened to Rs 103.4850 from Rs 102.98 last Wednesday,while its yield dipped further to 8.69 per cent from 8.75 per cent. The 8.79 per cent (G-Sec) maturing in 2021 also rose to 101.0350 from Rs 100.6350,while its yield dropped to 8.63 per cent from 8.69 per cent previously. The 8.19 per cent (G-Sec) maturing in 2020 strengthened to Rs 97.60 from Rs 97.08,while its yield declined t 8.62 per cent from 8.71 per cent. The 8.97 per cent (G-Sec) maturing in 2030 jumped to Rs 100.48 from Rs 99.90,while its yield tumbled to 8.91 per cent from 8.98 per cent. The 8.83 per cent (G-Sec) maturing in 2041 firmed up to Rs 98.32 from Rs 97.75,while its yield went down to 8.99 per cent from 9.05 per cent. The 8.13 per cent (G-Sec) maturing in 2022 gone up to Rs 96.10 from Rs 95.60,while its yield plunged to 8.70 per cent from 8.78 per cent. The Overnight call rate rebounded to settle at 8.80 per cent from 7.50 per cent previously. It moved in a range of 9.05 per cent and 8.80 per cent. The Reserve Bank of India RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,06,585 crore from 46 bids at the one-day repo auction at a fixed rate of 8.50 per cent while sold securities worth Rs 10 crore from one bid at the one-day reverse repo auction at a fixed rate of 7.50 per cent.
