Bond yield increased on concerns that Federal Reserve may increase the interest rates sooner than expected. Moreover, the market sentiments remain cautious ahead of CPI data due on Friday.
The weighted average rate in the overnight call money increased to 7.89% compared with 7.76% close in the previous session. The call money rate hovered in the range of 7.25% to 8.05% with the volume of Rs 10708.15 crore.