Government securities shot up further on sustained buying by banks and corporates while call rate recovered on the overnight call money market here today on liquidity crunch. The 8.13 per cent government security maturing in 2022 flared up further to Rs 10.83 from Rs 100.5050 yesterday,while its yield dropped to 8.02 per cent from 8.06 per cent. The 8.08 per cent government security maturing in 2022 also rose to Rs 100.35 from Rs 100.00,while its yield dipped to 8.03 per cent from 8.08 per cent previously. The 7.99 per cent government security maturing in 2017 too improved to Rs 100.42 from Rs 100.20 on Thursday,while its yield moved down to 7.90 per cent from 7.95 per cent. The 7.17 per cent government security maturing in 2015,8.26 per cent government security maturing in 2027 and the 7.80 per cent government security maturing in 2020 finished higher at Rs 97.4350,Rs 99.45 and Rs 98.77 respectively. Overnight call rate closed higher at 7.70 per cent from 7.60 per cent yesterday while 3-day call rate moved in a range of 7.85 per cent and 7.25 per cent before settling at 7.25 per cent. The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 32,685 crore from 27 bids at the three-days repo auction at a fixed rate of 6.75 per cent.
