Call rates range-bound

Rates on the inter-bank call market ended the day slightly lower in a range of 7.90-8.10%.

The central bank infused a total of Rs 8,795 crore through repo operations under the two sessions of liquidity adjustment.

On the other hand, it mopped up bids merely worth Rs 85 crore in the two LAF sessions through reverse repo operations.

Bond yields opened the day on a negative note, following last week's developments - conversion of recap bonds and the announcement of state loan securities.

The yield on the ten year 8.07% 2017 bond opened the day at 8.06%, but closed at 8.02% levels (unchanged from the previous close) on grounds of a slight improvement in liquidity.