Government bonds (G-Secs) rose smartly for the second day following renewed demand from corporates and banks, and the interbank call money rates too ended higher due to good demand from borrowing banks amid tight liquidity in the banking system.
The 6.79 per cent government security maturing in 2027 rose to Rs 93.89 from Rs 93.35, while its yield declined to 7.73 per cent from 7.82 per cent.
The 7.17 per cent government security maturing in 2028 gained to Rs 97.34 from Rs 96.83, while its yield fell to 7.56 per cent from 7.63 per cent.
The 6.68 per cent government security maturing in 2031 climbed to Rs 90.6250 from Rs 90.0050, while its yield edged down to 7.82 per cent from 7.90 per cent.
The 8.27 per cent government security maturing in 2020, surged to Rs 102.7875 from Rs 102.7150, while its yield eased to 6.89 per cent from 6.93 per cent.
The overnight call money rates turned higher to 6.00 per cent from it's Thursday's level 5.95 per cent. It resumed at 5.90 per cent and moved in a range of 6.00 per cent and 5.85 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 102.97 billion in 18-bids at the 3-day repo opertion at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 305.70 billion from 58-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on March 15.