Government Bonds remain weak,call rate rule stable

The call money rate finished stable at 8.05. It moved in a range of 8.10 per cent and 7.90%

The government bonds remained weak on sustained selling from banks and corporates,while the call money rates ruled steady 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 dropped to Rs 100.5950 from Rs 100.6700 previously,while its yield held steady at 8.25 per cent.

The 8.15 per cent government security maturing in 2022 fell to Rs 99.9000 from Rs 99.9475,while its yield held stable at 8.16 per cent.

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The 8.19 per cent government security maturing in 2020 slid to Rs 99.9200 from Rs 99.9700 while its yield inched up to 8.20 per cent from 8.19 per cent. The 8.97 per cent government security maturing in 2030,the 8.07 per cent government security maturing in 2017 and the 8.20 per cent government security maturing in 2025 also quoted lower at Rs 105.2750,Rs 99.6950 and Rs 99.9250,respectively.

The call money rate finished stable at 8.05 per cent. It moved in a range of 8.10 per cent and 7.90 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 692.65 billion from 29 bids at the one-day repo auction at a fixed rate of 8 per cent.