Yield On 91-Day Treasury Bills Touches 10%

The yield on the 364-day treasury bills has already crossed the 10 per cent mark.

The rise in treasury bill yields stems from a rise in call money rates to over 10 per cent.

The call money rates, which used to hover around two per cent, have gone up to 10.5 per centin recent past.

Sources in the banking sector attribute this rise to the approaching busy season.

The Reserve Bank of India (RBI) has fixed the cut-off yield on T bills at Rs 97.57