Mumbai: The government bond prices recovered on fresh buying support from banks and corporates, while the Overnight call money rates ended lower at the money market due to lack of demand from borrowing banks.

The 8.40 per cent government security maturing in 2024 climbed to Rs 99.00 from Rs 98.94 previously, while its yield edged-down to 8.55 per cent from 8.56 per cent.

The 8.60 per cent government security maturing in 2028 rose to Rs 99.1225 from Rs 99.0375, while yield inched-down to 8.71 per cent as against 8.72 per cent.

The 8.83 per cent 10-year benchmark bond maturing in 2023 also gained to Rs 100.7325 from Rs 100.69, while its yield moved up to 8.71 per cent from 8.69 per cent.

The 8.27 per cent government security maturing in 2020, the 8.12 per cent government security maturing in 2020, the 7.28 per cent government security maturing in 2019 and 8.35 per cent government security maturing in 2022 were also quoted higher at Rs 98.3875, Rs 97.26, Rs 94.92 and Rs 97.7375, respectively.

The overnight call money rates ended lower at 7.00 per cent as against last Thursday’s 8.85 per cent. It moved in a wide range of 8.05 per cent and 6.50 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 33.22 billion in 10-bids at the one day repo auction at a fixed rate of 8.00 per cent, while it sold securities worth Rs 43.58 billion from 16-bids at the 4-days reverse repo auction at a fixed rate of 7.00 per cent, last Thursday.

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