Mumbai: Call rates ended sharply lower at 6.15 per cent due to ample cash available in the banking system while government bonds (G-Secs) firmed up further on sustained demand from corporates and banks. The 7.61 per cent 10-year benchmark bond maturing in 2030 rose to Rs 106.23 from Rs 106.0250 yesterday while its yield dropped to 6.89 per cent from 6.95 per cent.
The 7.59 per cent government security maturing in 2026 inched up to Rs 106.40 from 106.35 while its yield ruled steady at 6.64 per cent. The 6.97 per cent government security maturing in 2026 gained to Rs 103.24 from Rs 103.1625 while its yield inched down to 6.51 pct from 6.52 per cent.
The overnight call money rate ended lower at 6.15 per cent from yesterday's level of 6.23 per cent. It hovered in a range of 6.15 per cent and 6.25 per cent today. The 3-day call money rate ended at 6.25 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 40.57 billion in eight bids at the 3 day repo auction at a fixed rate of 6.25 per cent today morning, while it sold securities worth Rs 93.38 billion in 34 bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent yesterday....