Government bonds (G-Secs) dropped on sustained selling pressure from banks and corporates and the overnight call money rates also finished lower due to lack of demand from borrowing banks amid comfortable liquidity in the banking system.

The 7.17 per cent 10-year benchmark bond maturing in 2028 weakened to Rs 95.48 from Rs 95.62, while its yield moved up to 7.85 per cent from 7.83 per cent.

The 7.59 per cent government security maturing in 2026 eased to Rs 97.1075 from Rs 97.3275, while its yield edged up to 8.10 per cent from 8.06 per cent.

The 6.68 per cent government security maturing in 2031 gained to Rs 89.23 from Rs 89.18, while its yield edged down to 8.01 per cent from 8.02 per cent.

The 6.84 per cent government security maturing in 2022, the 6.65 per cent government security maturing in 2020 and the 8.24 per cent government security maturing in 2027 were also quoted lower to Rs 96.23, Rs 98.44 and Rs 100.84 respectively.

The overnight call money rates closed lower to 6.05 per cent from Thursday's closing level of 6.10 per cent. It resumed at 6.05 per cent and moved in a range of 6.05 per cent and 5.75 per cent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 56.69 billion in 8-bids at the 3-day repo operation at a fixed rate of 6.00 per cent as on today, while it sold securities worth Rs 37.22 billion in 32-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on May 31.