Markets

Bonds drop, call rates rule steady

Government bonds (G-Secs) dropped on heavy selling pressure from banks and corporates, while, Interbank call money rates ruled steady as demand from borrowing banks match supplies.

The 7.17 per cent 10-year benchmark bond maturing in 2028 went-down to Rs 96.29 from Rs 96.8625, while its yield rose to 7.72 per cent from 7.63 per cent.

The 6.68 per cent government security maturing in 2031 dipped to Rs 89.7525 from Rs 90.17, while its yield moved up to 7.93 per cent from 7.88 per cent.

The 6.79 per cent government security maturing in 2027 declined to Rs 92.92 from Rs 93.2950, while its yield gained to 7.90 per cent from 7.84 per cent.

The 8.20 per cent government security maturing in 2022, the 6.84 per cent government security maturing in 2022 and the 8.15 per cent government security maturing in 2022 were also quoted lower to Rs 101.88, Rs 96.90 and Rs 101.80 respectively.

The overnight call money rates held stable at 5.95 per cent, It resumed higher at 6.00 per cent and moved in a range of 6.05 per cent and 5.90 per cent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 172.82 billion in 23-bids at the 3-days repo operation at a fixed rate of 6.00 per cent as on today, while it sold securities worth Rs 45.91 billion in 28-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on April 19. PTI

19. PTI 04201841 NNNN

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