Bond yields traded higher on Friday as India Ratings and Research (Ind-Ra) has said that the Reserve Bank of India’s (RBI's) monetary policy committee (MPC) is expected cut benchmark interest rate by 25 basis points in its policy review meeting next month to push growth.
In the global market, U.S. Treasury yields ticked higher on Thursday as investors weighed fresh tariffs on foreign automakers and assessed the broader state of the U.S. economy. Furthermore, oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new U.S. tariffs and their expected effect on the world's economy.
Back home, the yields on new 10 year Government Stock were trading 10 basis points higher at 6.69% from its previous close of 6.59% on Thursday.
The benchmark five-year interest rates were trading 08 basis points higher at 6.56% from its previous close of 6.48% on Thursday.
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