|Chennai||Rs. 25020.00 (0.81%)|
|Mumbai||Rs. 25890.00 (0.98%)|
|Delhi||Rs. 25200.00 (-0.2%)|
|Kolkata||Rs. 25480.00 (1.03%)|
|Kerala||Rs. 24800.00 (0.61%)|
|Bangalore||Rs. 25000.00 (0.81%)|
|Hyderabad||Rs. 25080.00 (1.09%)|
Government bond yields rose to a two-week high following the Reserve Bank of India's (RBI) decision to raise the repo rate by 25 basis points to 7.50 per cent.
The yield on the 10-year government bond 7.16 per cent 2023 ended at 8.58 per cent, compared with 8.19 per cent on Thursday. The yield had ended at 8.63 per cent on September 6.
A government bond auction for a notified amount of Rs 15,000 crore, which was due to take place on Friday, was also postponed to Monday.
"The 7.16 per cent 2023 bond may trade in the range of 8.65-8.40 per cent next week. There may also be partial devolvement in Monday's auction," said S Srinivasaraghavan, head of treasury at Dhanlaxmi Bank.