The ample liquidity was reflected in the subscriptions to repos done by the Reserve Bank of India (RBI). In the one-day repos, the apex bank received bids ranging from Rs 25,745 crore to around Rs 32,000 crore.
Bond yields, however, rose as there were hardly any triggers for the market to build positions. The week started with yields rising by 4-5 basis points to levels last seen in end-September as higher inflation and signs of an economic rebound weighed on sentiment.
The benchmark 10-year gilt was dealt at 5.19 per cent on Saturday, nearly 4 basis points higher than last Saturday
