Bonds recover, call rates turn lower

Mumbai, Aug 23 () Government bonds (G-Secs) prices recovered on fresh buying support from banks and corporates, while, the overnight call money rates turned lower due to lack of demand from borrowing banks amidst ample liquidity in the banking system.
The 6.79 per cent government security maturing in 2029 were gained to Rs 99.48 from Rs 99.42 previously, while its yield inched down to 6.85 per cent from 6.86 per cent.
The 6.97 per cent government security maturing in 2026 were rose to Rs 101.54 from Rs 101.52, while its yield held stable to 6.74 per cent.
The 7.68 per cent government security maturing in 2023 climbed to Rs 105.2750 from Rs 105.2250, while its yield softened to 6.64 per cent from 6.65 per cent.
The 7.16 per cent government security maturing in 2023, the 8.15 per cent government security maturing in 2026 and the 7.72 per cent government security maturing in 2025 were also quoted higher to Rs 102.3350, Rs 108.19 and Rs 105.3875 respectively.
The overnight call money rates ended lower at 5.95 per cent from Tuesday's level of 6.08 per cent. It resumed lower at 6.05 per cent and moved in a range of 6.05 per cent and 5.70 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 168.78 billion in a 23-bids at the overnight repo auction at a fixed rate of 6.00 per cent as on today, while it sold securities worth Rs 32.98 billion from 31-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on August 22. BPD