Bond yields edged lower on Wednesday, on a report that foreign portfolio investments in India significantly improved in calendar year 2019, after receiving the second-highest investments in the last five years. The country received Rs 1,36,835 crore as FPI in 2019.
Furthermore, Oil prices held steady on the final day of the year, heading for their biggest annual rise since 2016, supported by a thaw in the prolonged US- China trade dispute and supply cuts.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 6.52% from its previous close of 6.55% on Tuesday.
The benchmark five-year interest rates were trading 3 basis points lower at 6.45% from its previous close of 6.48% on Tuesday.