Mumbai: Government bonds (G-Secs) dropped on selling pressure from banks and corporates, while, the overnight call money rates turned higher due to good demand from borrowing banks amid tight liquidity in the banking system.
The 7.17 per cent 10-year benchmark bond maturing in 2028 went-down to Rs 95.4625 from Rs 95.73, while its yield moved up to 7.86 per cent from 7.82 per cent.
The 6.84 per cent government security maturing in 2022 fell to Rs 96.1850 from Rs 96.41, while its yield eased to 7.89 per cent from 7.83 per cent.
The 6.68 per cent government security maturing in 2031 slid to Rs 89.07 from Rs 89.42, while its yield edged up to 8.05 per cent from 8.00 per cent.
The 7.59 per cent government security maturing in 2026 and the 7.37 per cent government security maturing in 2023 were also quoted lower to Rs 97.3150 and Rs 97.87 respectively.
The overnight call money rates ended higher to 6.45 per cent from Tuesday's closing level of 6.25 per cent. It resumed higher at 6.45 per cent and moved in a range of 6.45 and 6.25 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 52.21 billion in 10-bids at the 4-days repo operation at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 115.75 billion in 54-bids at the 2-days reverse repo auction at a fixed rate of 6.25 per cent as on Aug 14.
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