Bonds decline, call rates rule stable

PTI Feeds
Bonds decline, call rates rule stable

Mumbai, Apr 26 (PTI) Government bonds (G-Secs) declined on selling pressure from banks and corporates.

While, interbank call money rates remained steady as demand from borrowing banks match supplies.

The 6.97 per cent 10-year benchmark bond maturing in 2026 fell to Rs 100.08 from Rs 100.23, while its yield moved up to 6.96 per cent from 6.93 per cent.

The 6.79 per cent government security maturing in 2029 dipped to Rs 97.56 from Rs 97.85, while its yield rose to 7.08 per cent from 7.05 per cent.

The 7.61 per cent government security maturing in 2030 eased to Rs 103.14 from Rs 103.5850, while its yield edged up to 7.23 per cent from 7.18 per cent.

The 7.59 per cent government security maturing in 2026, the 7.35 per cent government security maturing in 2024 and the 7.72 per cent government security maturing in 2025 were also quoted lower to Rs 103.5350, Rs 101.10 and Rs 103.18 respectively.

The overnight call money rates ended stable at its previous level of 6.05 per cent after trading in a range of 6.25 per cent and 6.00 per cent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 10.25 billion in 3-bids at the overnight repo operation at a fixed rate of 6.25 per cent as on today, while it sold securities worth Rs 154.88 billion in 46-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on April 25.

This is published unedited from the PTI feed.