Bond yields traded flat on Thursday as RBI bulletin stating that the GST reform will have a positive impact on the Indian economy by promoting ease of doing business, lowering retail prices, and strengthening consumption growth drivers.
In the global market, U.S. Treasury yields ticked higher on Wednesday as investors awaited further economic data and weighed the possibility of a U.S. federal government shutdown next week.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.48% on Wednesday.
The benchmark five-year interest rates were trading 7 basis points higher at 6.26% from its previous close of 6.19% on Wednesday.
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