Bond yield rises by 03 bps

10-year G-sec Paper yield closes at 7.79% 

The yield on 10-year benchmark federal paper, 8.40% GS 2024, increased by 03 basis points to close at 7.79% compared with 7.77% close in the previous trading session. The total trading volume on central bank's gilts trading platform stood Rs 29,960 crore. 

Bond yield increased tracking rise in global oil prices and Rupee depreciation. 

The weighted average rate in the overnight call money eased to 7.47% compared with 7.72% in previous session. The call money rate hovered in the range of 6.00% to 7.95% with the volume of Rs 11,816.36 crore.