Government bonds (G-Secs) declined on selling pressure from banks and corporates and the overnight call money rates also turned lower due to lack of demand from borrowing banks amid comfortable liquidity situation in the banking system.

The 6.79 per cent government security maturing in 2027 were slipped to Rs 99.27 from Rs 99.32 yesterday, while its yield edged up to 6.90 per cent from 6.89 per cent.

Bond yields up

The 6.68 per cent government security maturing in 2031 were fell to Rs 97.20 from Rs 97.35, while its yield up to 7.00 per cent from 6.98 per cent.

The 6.79 per cent government security maturing in 2029 were went-down to Rs 98.07 from Rs 98.22, while its yield moved up to 7.03 per cent from 7.01 per cent.

The 7.35 per cent government security maturing in 2024, the 7.16 per cent government security maturing in 2023 and the 7.72 per cent government security maturing in 2025 were also quoted lower at Rs 101.85, Rs 101.21 and Rs 103.73 respectively.

Call money

The overnight call money rates finished lower at 5.85 per cent from Monday’s level 6.15 per cent. It resumed lower to 6.00 per cent and moved in a range of 6.10 per cent and 5.70 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 178.12 billion in 25-bids at the overnight repo operation at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 59.36 billion from 25-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on November 20.

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