Bond yield declined in the early trading, on speculation that the limit on Foreign Institutional Investors (FIIs) investment in to domestic debt would be hiked.
The weighted average rate in the overnight call money increased to 8.88% compared with 6.64% close in the previous session. The call money rate hovered in the range of 7.85% to 9.30% with the volume of Rs 7971.01 crore.