Call rates range-bound

The rates in the inter-bank call money market closed at around 7.75% after falling to an intra-day low of 7.4% in the afternoon. RBI neither injected nor mopped up any funds under the morning session of liquidity adjustment.

However, RBI infused Rs 5,775 crore through repo operations under the afternoon session of liquidity adjustment and mopped up bids worth Rs 10 crore through reverse repo operations.

Bond prices fell for the second consecutive session, amid rising worries that the central bank may sell a large amount of bonds next week and or else hike CRR rates to drain cash from the banking system.

The yield on the benchmark 8.07% 2017 bond ended at 8.13%, up from the previous close of 8.11%.