The benchmark five-year overnight indexed swap rate rose 3 bps to 6.80 per cent, while the one-year rate rose 2 bps to 7.10 per cent.
Swap rates rose after touching a 20-month low earlier this month as a rise in crude oil and the weaker rupee raised some concerns about inflation.
Brent crude steadied around $103 per barrel on Tuesday, supported by Middle East risk but held back by ample supplies and concern over fuel demand as global economic growth remains tepid.
Repo bids remained high at Rs 950.75 billion. RBI deputy governor Khan said the central bank will take steps to address liquidity deficit, leading to hopes of an OMO.
