Forwards: In the forward market, the 6-month premium closed at 0.82 per cent (0.77 per cent) and the 12-month premium closed at 0.72 per cent (0.7 per cent).

Bonds: Bond prices initially fell by 15-20 paise ahead of the auction. However, they recovered by almost 75 paise as RBI in a landmark decision rejected all the bids for the Rs 6,000 crore auction of the 11.83 per cent -9 year-2014 paper as the dealers asked for very high yields on the paper.

G-Secs: The 10.25-16 year-2021 paper opened at Rs125.08 (7.50 per cent YTM), dipped to Rs124.75 but closed at
Rs125.43 (7.46 per cent YTM).

The 7.37 - 9 year-2014 paper opened at Rs 102 (7.05 per cent YTM) fell to Rs 101.70 and closed at Rs102.26 (7.01 per cent YTM). The 7.38-10 year-2015 paper was dealt at 7.11 per cent YTM.

Call rates: The call rates remained firm at 5.05-5.10 per cent. In the one-day reverse repo auction, the RBI received and accepted 37 bids amounting to Rs27,675 crore. In the CBLO market, there were 221 trades for Rs13,463.55 crore in the rate range of 4.85-5.17 per cent.