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Government bonds, call rates decline

​The 7.17 per cent 10-year benchmark bond maturing in 2028 slipped to Rs 97.00 from Rs 97.34.

PTI|
Mar 19, 2018, 07.39 PM IST
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The 7.17 per cent 10-year benchmark bond maturing in 2028 slipped to Rs 97.00 from Rs 97.34.
Government bonds (G-Secs) declined on selling pressure from banks and corporates and the overnight call money rates eased due to lack of demand from borrowing banks amid comfortable liquidity in the banking sytem.

The 7.17 per cent 10-year benchmark bond maturing in 2028 slipped to Rs 97.00 from Rs 97.34 previously, while its yield moved up to 7.61 per cent from 7.56 per cent.

The 6.79 per cent government security maturing in 2027 went-down to Rs 93.51 from Rs 93.89, while its yield rose to 7.79 per cent from 7.73 per cent.

The 6.68 per cent government security maturing in 2031 fell to Rs 90.14 from Rs 90.6250, while its yield edged up to 7.88 per cent from 7.82 per cent.

The 6.84 per cent government security maturing in 2022, the 8.27 per cent government security maturing in 2020 and the 7.80 per cent government security maturing in 2020 were also quoted lower to Rs 97.92, Rs 102.77 and Rs 101.7650 respectively.

The overnight call money rates ended lower to 5.80 per cent from last Friday's closing level of 6.00 per cent. It resumed higher at 6.05 per cent and moved in a range of 6.10 per cent and 5.65 per cent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 54.97 billion in 10-bids at the overnight repo auction at a fixed rate of 6.00 per cent today morning, while it sold securities worth Rs 32.32 billion in 24-bids at the 2-days reverse repo auction at a fixed rate of 5.75 per cent as on March 17.

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