Bond yields ended lower after Reserve Bank of India's (RBI) data showed that country's foreign exchange reserves declined by $1.34 billion to $641.113 billion in the week ended September 10, 2021.
In the global market, the benchmark U.S. government bond yields edged up on Friday, with the 10-year yield touching a two-month high, as traders look ahead to a busy week of central bank meetings including a key one at the Federal Reserve. Furthermore, oil prices fell, extending losses from Friday after the U.S. dollar jumped to a three-week high and the U.S. rig count rose, although nearly a quarter of U.S. Gulf of Mexico output remained offline in the wake of two hurricanes.
Back home, the yields on new 10-year Government Stock were ended 3 basis points lower at 6.13% from its previous close of 6.16% on Friday.
The benchmark five-year interest rates were ended 5 basis points lower at 5.56% from its previous close of 5.61% on Friday.