Mumbai: India’s benchmark 10-year bond yield rose 2 basis points from the session low to trade flat on Thursday at 8.54% after a central bank deputy governor said there is no discussion for raising foreign investor limit in government debt at this point.

“India is not considering raising the foreign investment limit in government bonds immediately," Reserve Bank of India (RBI) deputy governor H.R. Khan said on Thursday.

Yields have been mostly in a tight range as investors await the May consumer price inflation data and April industrial output data due after market hours.

India attracted 9,361 billion crore worth of bids from foreign investors in its auction of government debt limits on Wednesday, higher than the 7,152 billion on offer, according to three dealers.

Close