The Reserve Bank of India (RBI) stopped the yields on government securities from sliding by sucking out excess liquidity via an open market operation on Thursday.
Driven by ample liquidity, yield on the benchmark 10 year gilt had touched a low of 5.51 per cent earlier in the week. However, thanks to the liquidity draining exercise, the 10-year gilt ended the week at 5.53 per cent.
The difference in yields between the benchmark 10 year gilt, at Saturday