MUMBAI: Government bonds (G-Secs) dropped on selling pressure from banks and corporates, while the overnight call money turned higher due to good demand from borrowing banks amid tight liquidity in the banking system.
The 6.97 per cent government security maturing in 2026 fell to Rs 99.84 from Rs 100.05 previously, while its yield rose to 6.99 per cent from 6.96 per cent.
The 6.79 per cent government security maturing in 2029 declined to Rs 97.08 from Rs 97.37 previously, while its yield edged up to 7.14 per cent from 7.11 per cent.
The 7.59 per cent government security maturing in 2026 dipped to Rs 103.34 from Rs 103.53, while its yield gained to 7.07 per cent from 7.04 per cent.
The 7.61 percent government security maturing in 2030, the 7.68 percent government security maturing in 2023 and the 7.72 percent government security maturing in 2025 were also quoted lower to Rs 102.60, Rs 102.97 and Rs 102.85 respectively.
The overnight call money rates finished higher to 6.05 per cent from Friday's level of 6.00 per cent. Its resumed higher at 6.25 per cent and moving in a range of 6.25 per cent and 6.00 per cent.
Meanwhile, the Reserve Bank of India, under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 14.05 billion in 2-bids at overnight repo auction at a fixed rate of 6.25 per cent as on today, while its sold securities worth Rs 24.66 billion from 14-bids at the 3-days reverse repo auction at a fixed rate of 6.00 per cent as on April 29.