Bond yield hits 3-month low as crude oil prices ease
The 10-year government bond yield fell to a near three-month low as declining crude oil prices eased concerns of inflation and fiscal slippage
Mumbai: The 10-year government bond yield on Friday fell to a near three-month low as declining crude oil prices eased concerns of inflation and fiscal slippage. The rupee strengthened for second sessions against the US dollar. At 9.15am, the 10-year gilt yield stood at 7.781% from its previous close of 7.823%. Bond yields and prices move in opposite directions. The rupee was trading at 73.43 a dollar, up 0.43% from its Thursday’s close of 73.45. The currency opened at 73.15 a dollar and touched a high of 73.13 a dollar.
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