Bonds Gain, Call Rates Lower
Mumbai: Government bonds (G-Secs) gained on good buying support from banks and corporates on Thursday. While, the overnight call money rates remained lower at the money market due to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 6.79% government securitymaturingin2029climbedto ₹ 100.57 from ₹ 100.21 previously, while its yield declined to 6.72% from 6.76%. The overnight call money ratesendedlowerto5.80%from its Wednesday’s level of 6.05%. It commenced higher at 6.00% and moving in a range of 6.00% and 5.80%. Meanwhile, RBI purchased securities worth ₹ 21.65 billion in 4-bids at the overnight repo operations at a fixed rate of 6.00% as on Thursday.