Call rate drops, bond prices decline further

Mumbai, July 09: Call rates finished lower at 4.00 per cent on the overnight call money market here today in view of ample liquidity in banking system and the Government bond prices declined further due to sustained selling pressure from banks and corporates.

The call money rate ended lower at 4.00 per cent from yesterday’s closing level of 5.50 per cent after moving in a range of 5.70 per cent and 4.00 per cent.

The 7.80 per cent government security maturing in 2020 dipped to Rs 101.02 from 101.36 yesterday, while its yield rose to 7.65 per cent from 7.60 per cent.

The 7.17 per cent government security maturing in 2015 declined to Rs 99.08 from Rs 99.14, while its yield moved up to 7.40 per cent from 7.38 per cent.

The 8.20 per cent government security maturing in 2022 fell to Rs 101.65 from Rs 101.

–Agencies