Bond yields traded lower on Tuesday even after Reserve Bank of India (RBI) in its latest data showed that India's foreign exchange reserves increased by $5.077 billion to $595.397 billion for the week ending November 17.
In the global market, U.S. Treasury yields were lower on Monday, with the benchmark U.S. 10-year Treasury yield extending declines after a weaker-than-expected report on the housing market. Furthermore, Oil prices slipped on Monday, with Brent falling toward $80 a barrel, as investors waited for an OPEC+ meeting later this week for an agreement expected to curb supplies into 2024.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.26% from its previous close of 7.27% on Friday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.31% from its previous close of 7.30% on Friday.