Bond yield eased after Federal Reserve Chair Janet Yellen suggested the U.S. central bank would not rush into raising interest rates. Also the sentiments remain cautious ahead of Union Budget 2015-16 due on 28 February 2015.
The weighted average rate in the overnight call money increased to 7.58% compared with 7.74% in previous session. The call money rate hovered in the range of 6.50% to 8.10% with the volume of Rs 11,745.69 crore.