Mumbai, Mar 1 (UNI) Interbank call money today closed lower at 6.00-6.10 per cent, compared with the previous day's cloing of 6.10-6.20 per cent, dealers said.
Indian bond yields ended lower yesterday as investors expected last month's fuel price cut to reflect in the latest official inflation data, due tomorrow.
The yield on the 10-year bond ended at 7.93 per cent, down from the previous close of 7.98 per cent.
It had climbed 11 basis points yesterday after Reserve Bank of India Deputy Governor Rakesh Mohan said the central bank would take all measures to curb inflation.
Last month, the government reduced retail prices of petrol and diesel in an effort to rein in rising inflation. It cut duties on a host of items in its annual Budget yesterday to check price pressures in a fast growing economy.
Finance Minister Palaniappan Chidambaram said yesterday interest rates would moderate once inflation softens, brokers added.
UNI
Indian bond yields ended lower yesterday as investors expected last month's fuel price cut to reflect in the latest official inflation data, due tomorrow.
The yield on the 10-year bond ended at 7.93 per cent, down from the previous close of 7.98 per cent.
It had climbed 11 basis points yesterday after Reserve Bank of India Deputy Governor Rakesh Mohan said the central bank would take all measures to curb inflation.
Last month, the government reduced retail prices of petrol and diesel in an effort to rein in rising inflation. It cut duties on a host of items in its annual Budget yesterday to check price pressures in a fast growing economy.
Finance Minister Palaniappan Chidambaram said yesterday interest rates would moderate once inflation softens, brokers added.
UNI
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