Bonds slip, call rates turn higher

Government bonds (G-Secs) slipped on selling pressure from banks and corporates, while the overnight call money turned higher for the second day due to good demand from borrowing banks amid tight liquidity in the banking system.

The 6.79 per cent government security maturing in 2027 eased to Rs 101.98 from Rs 101.99, while its yield remained steady at 6.51 per cent.

The 6.79 per cent government security maturing in 2029 dipped to Rs 99.5925 from Rs 99.6850, while its yield edged up to 6.84 per cent from 6.83 per cent.

The 6.97 per cent government security maturing in 2026 remained steady at Rs 101.65 from its Friday's close, while its yield to remained stable at 6.72 per cent.

The overnight call money rates finished higher at 6.05 per cent from Friday's level of 5.80 per cent. It resumed higher at 6.00 per cent and moving in a range of 6.10 per cent and 5.95 per cent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 119.14 billion in 21-bids at the overnight repo operation at a fixed rate of 6.00 per cent as on today, while it sold securities worth Rs 41.87 billion in 21-bids at the 2-day reverse repo auction at a fixed rate of 5.75 per cent as on August 19.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)