ET:Bond yields inch lower tracking rupee; seen rangebound
Benchmark 10-year bond yield was down one basis point at 8.78 per cent, tracking gains in the rupee and the domestic share market.
But trading was likely to be rangebound amid fading hopes for open market operations after RBI said it would continue to infuse cash via term repos.
Traders had expected open market operations to help ease liquidity constraints, typically seen in March, when the country sees payouts for corporate advance taxes.
Term repo auctions would mean RBI will likely not conduct OMOs.
The 10-year bond yield was seen holding in a tight range of 8.75 to 8.85 per cent in the near term.
