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Mumbai, May 10 (PTI) Government bond prices dropped due to heavy selling pressure from banks and corporates, while call rate ended steady at 3.75 per cent in the absence of demand from borrowing banks. The 8.20 per cent government security maturing in 2022 dropped to Rs 101.95 from Rs 102.70 yesterday, while its yield shot up to 7.94 per cent from 7.84 per cent. The 7.80 per cent government security maturing in 2020 declined to Rs 100.80 from Rs 101.10, while its yield rose to 7.68 per cent from 7.64 per cent. The 7.02 per cent government security maturing in 2016 fell to Rs 97.40 from Rs 97.73, while its yield moved up to 7.55 per cent from 7.48 per cent. The 7.38 per cent government security maturing in 2015, the 6.35 per cent government security maturing in 2020, the 7.27 per cent government security maturing in 2013 and the 8.26 per cent government security maturing in 2027 were also quoted lower at Rs 99.90, Rs 89.00, Rs 101.95 and Rs 100.35, respectively. The overnight call money rate finished steady at 3.75 per cent after moving in a range of 3.95 per cent and 3.10 per cent. The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) mopped up Rs 29,400 crore from 25 bids in one day reverse repo auction at the rate of 3.75 per cent.
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