Sentiment : Positive
Call rates were in a band of 6.60-6.85 per cent due to easy liquidity in the banking system.
The Reserve Bank of India (RBI) received 20 bids worth Rs 19,620 crore at the repo auction, which it accepted partially for Rs 15,696 crore.
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Gilts rose by 30-80 paise as the new tax-saving bond announced by the finance minister on Wednesday signalled a lower interest rate regime.
A section of money market dealers said a bank rate cut is round the bend.
Improved sentiment in gilts means Friday