The government bonds reacted downwards on heavy selling pressure from banks and corporates,while the overnight call money market ended lower here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system. The 9.15 per cent government security maturing in 2024 dipped to Rs 106.43 from 106.56 previously,while its yield edged up to 8.30 per cent from 8.29 per cent. The 8.15 per cent government security maturing in 2022 fell to Rs 100.4225 from 100.55,while its yield moved up to 8.09 per cent from 8.07 per cent. The 8.19 per cent government security maturing in 2020 slid to Rs 100.23 from Rs 100.35,while its yield gained to 8.15 per cent from 8.13 per cent. The 8.79 per cent government security maturing in 2021,8.33 per cent government security maturing in 2026 and 8.97 per cent government security maturing in 2030 were also quoted lower at Rs 103.40,Rs 101.17 and Rs 104.75,respectively. The call money rate finished lower at 8.00 per cent from yesterday's closing level of 8.10 per cent. It moved in a range of 8.20 per cent and 7.95 per cent. The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 42,070 crore from 21 bids at the one-day repo auction at a fixed rate of 8.00 per cent,while sold securities worth Rs 10 crore from 1 bid at the one-day reverse repo auction at a fixed rate of 7 per cent.
