Bond yields traded lower on Tuesday, as India’s unemployment rate shot up to 8.86% for the week ended October 10 compared with 7.56% a week earlier.
In the global market, oil prices fell for the first time in four days, taking a breather, analysts said, after weeks of gains fuelled by a rebound in global demand that is contributing to energy shortages in economies from Europe to Asia.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 6.32% from its previous close of 6.34% on Monday.
The benchmark five-year interest rates were trading 6 basis points higher at 5.87% from its previous close of 5.81% on Monday.