Bonds slip, call rates turn lower

Government bonds (G-Secs) slipped further on selling pressure from banks and corporates and the Interbank call rates also turned lower due to lack of demand from borrowing banks amidst ample liquidity situation in the banking system.

The 6.79 per cent government security maturing in 2029 slid to Rs 100.25 from Rs 100.2750 previously, while its yield remained stable at 6.76 per cent.

The 6.79 per cent government security maturing in 2027 declined to Rs 102.37 from Rs 102.3725, while its yield too remained stable at 6.46 per cent.

The 6.97 per cent government security maturing in 2026 fell to Rs 102.04 from Rs 102.05, while its yield inched up to 6.67 per cent from 6.66 per cent.

The 7.72 per cent government security maturing in 2025 eased to Rs 105.75 from Rs 105.80, while its yield gained to 6.76 per cent from 6.75 per cent.

The overnight call money rates ended lower at 5.90 per cent from its Monday's level 6.00 per cent. It resumed higher at 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 86.20 billion in 20-bids at the overnight repo operation at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 27.92 billion from 22-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on August 07.

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