Bond yields traded marginally lower on Tuesday as traders awaited the Reserve Bank of India's (RBI's) Monetary Policy Committee decision, which will be announced on Wednesday.
In the global market, U.S. Treasury yields moved lower on Monday as investors look ahead to several economic releases this week including a key jobs report. Furthermore, Oil prices extended sharp losses in Asian trade on Tuesday, as reports that OPEC+ is preparing to raise production in November added to oversupply worries.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.55% from its previous close of 6.56% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.28% from its previous close of 6.26% on Monday.
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