10-year G-sec Paper closes at 7.16%
The yield on 10-year benchmark federal paper, 7.59% GS 2026, increased by 06 basis points (bps) to close at 7.16% compared with 7.10% close in the previous trading session. The total trading volume on the central bank's gilts trading platform was Rs 81390 crore.The yield increased the most since February after Urjit Patel's appointment was announced over the weekend.
The weighted average rate in the overnight call money market increased to 6.39%, compared with 6.37% in the previous session. The call money rate hovered in the range of 5.00% to 6.55% with the volume at Rs 14090.15 crore.
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