Mumbai: Call rates recovered to 5.50% on the the interbank call money market on 13 April following heavy demand from borrowing banks, while government bonds declined further on persistent selling.
Call rates hovered in a range of 4.50-5.50% before closing at 5.50% from 2% on 12 April.
Among government securities, the 7.59% government security maturing in 2016 moved down to Rs 96.60/65 from Rs 96.80/90 previously, while yield edged up to 8.13% from 8.12%.
The 9.39% government stock maturing in 2011 was quoted lower at Rs 104.20/30 as against Rs 104.40/45 while yield inched up to 8.18 from 8.14%.
The 8.07% goverment secuirty maturing in 2017 declined to Rs 99.77/82 from Rs 99.93/98 yeterday while yield inched up to 8.10% from 8.08%.
The 7.37% government security maturing in 2014 was traded at Rs 95.90/95 and yiled at 8.15%.
The Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF) accepted 10 bids of Rs 1,999 crore out of Rs 19,855 crore received at the three days reverse repo auction at the rate of 6.00% in the morning.
RBI also accepted six bids of Rs 1,001 crore out of Rs 9,445 crore received at the three days reverse repo auction at the rate of 6% in the evening under second LAF.