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Bond yields edge higher, rupee watched
Highlights
Bond yields edge higher, rupee watched, The benchmark 10-year bond yield rose 2 basis points to 8.84 per cent, tracking weakness in the rupee and supply fears.
The benchmark 10-year bond yield rose 2 basis points to 8.84 per cent, tracking weakness in the rupee and supply fears.
Some selling is seen ahead of the Rs. 15,000 crore auction on Friday, which includes Rs. 7000 crore of benchmark 10-year debt.
However, gains in 10-year U.S. Treasury prices are seen limiting losses in domestic bonds, which are impacted by the yield differential between the two.
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