Rupee tumbles, call grooved, gilts flighty

Recap

 Government bond yields, however, rose in thin trades as market sentiment was at a low for the entire week following statements made by central bank officials and expectations of interest rate inching up on signs of a pick-up in demand for bank credit.

 Against the yield of 5.09 per cent the week before, the benchmark 10-year paper 7.27 per cent rose to almost 5.14 per cent.

 Trading volume also got affected as mutual funds were selling gilts to stay liquid as corporate bonds market remained sticky following the new guidelines on bank