Market sentiment turned bearish over apprehension of higher inflation and hike in reverse repo rate following the oil price hike.
Prices of government securities moved in a narrow band of 10 paise.
Yield on the ten-year gilt closed at 7.67 per cent.
Call rates ruled around 5.5/5.6 per cent with the RBI absorbing around Rs 66,000 crore from the system.
The cut-off yield on 91-day t-bills was 5.73 per cent. | |
