Bond yields traded lower on Friday, as Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5%.
In the global market, a selloff in US Treasury bonds that has sent yields to multi-year highs continued on Thursday, pushing the benchmark 10-year bond yield to its highest level since May 2011. Furthermore, Oil prices rose, as traders focused on US sanctions against Iran's crude exports that are set to start next month to tighten global markets.
Back home, the yields on new 10 year Government Stock were trading 10 basis points lower at 8.06% from its previous close of 8.16% on Thursday.
The benchmark five-year interest rates were trading 5 basis points higher at 8.20% from its previous close of 8.15% on Thursday.