Bond yields traded flat on Tuesday, after Reserve Bank of India (RBI) has decided to conduct simultaneous purchase and sale of Government securities under Open Market Operations (OMO) for an aggregate amount of Rs 10,000 crore each on February 25, 2021.
In the global market Benchmark The U.S. dollar was pinned down, as vaccine optimism boosted the British pound to an almost three-year high, while rising oil prices and buoyant expectations for global recovery supported commodity and trade-exposed currencies. Furthermore, oil prices rose as a cold front shut wells and refineries in Texas, the biggest crude producing state in the United States, the world's biggest oil producer.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.02% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 5.55% from its previous close of 5.53% on Monday.
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