Bond yields traded flat on Tuesday amid India’s services sector growth eased in the month of August, but remained among the best in 13 years, with a series-record increase in new export business inducing another sharp expansion in total sales. As per the survey report, the seasonally adjusted S&P Global India Services PMI Business Activity Index fell at 60.1 in August from 62.3 in July.
In the global market, oil prices edged higher on Monday on expectations that OPEC+ would keep supplies tight and speculation that the U.S. Federal Reserve will cease its aggressive interest rate hike campaign.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.20% on Monday.
The benchmark five-year interest rates were trading flat with its previous close of 7.18% on Monday.