Participants perceive that interest rates have bottomed out due to which yields will remain rangebound, notwithstanding the excess liquidity in the banking system.
The market continues to be driven by excess liquidity with the average daily repo inflows last week clocking Rs 10,628 crore.
Additionally, Rs 7,000 crore is locked in the 14-day repo. Banks are fund-flush and expected to participate in Monday
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