Market Reports

Money marketM

Sentiment: Nervous

Gilt yields rose from lows towards close on Monday as OMO fears depressed prices.

The yield on the benchmark 10-year paper rose to 5.7203 per cent from 5.7169 per cent in the morning.

The amount bid at the daily repo auction rose to Rs 27,470 crore on Monday from Rs 2,4060 crore on Friday, reflecting the surge in fund supply.

Excess funds kept call rates below the repo rate at 4.70/4.90 per cent but firmer than Saturday