Mumbai, Nov 14 (PTI) Government bonds (G-Secs)weakened on heavy selling pressure from banks and corporatesand the overnight call money rates also turned lower due tolack of demand from borrowing banks amid comfortable liquiditysituation in the banking system.
The 6.79 per cent government security maturing in 2027were fell to Rs 98.22 from Rs 98.75 yesterday, while itsyield rose to 7.05 per cent from 6.97 per cent.
The 6.68 per cent government security maturing in 2031were dipped to Rs 95.93 from Rs 96.5475, while its yield movedup to 7.15 per cent from 7.07 per cent.
The 6.79 per cent government security maturing in 2029were went-down to Rs 96.7650 from Rs 97.22, while its yieldedged up to 7.19 per cent from 7.14 per cent.
The 7.16 per cent government security maturing in2023, the 7.68 per cent government security maturing in 2023and the 6.84 per cent government security maturing in 2022were also quoted lower at Rs 100.80, Rs 103.33 and Rs 99.83respectively.
The overnight call money rates finished lower at 5.80per cent from Monday's level 6.00 per cent. It resumed steadyto 6.00 per cent and moved in a range of 6.05 per cent and5.70 per cent.
Meanwhile, the Reserve Bank of India (RBI), under theLiquidity Adjustment Facility (LAF), purchased securitiesworth Rs 30.60 billion in 6-bids at the overnight repooperation at a fixed rate of 6.00 per cent as on today, whileits sold securities worth Rs 61.55 billion from 35-bids atthe overnight reverse repo auction at a fixed rate of 5.75 percent as on November 13. PTIBPD.
This is unedited, unformatted feed from the Press Trust of India wire.