Bond yields edged lower on Tuesday after Finance Ministry in its report on ‘India's external debt’ has said that India's external debt rose by 8.2 per cent year-on-year to USD 620.7 billion as of March 2022. It stated while 53.2 per cent of it was denominated in the US dollar, Indian rupee-denominated debt, estimated at 31.2 per cent, was the second largest.
In the global market, Oil prices slipped early as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to stem the market's recent slide.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.20% from its previous close of 7.21% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.05% from its previous close of 7.03% on Monday.