Bond yields traded higher on Thursday as government approved two schemes worth Rs 45,000 crore to help exporters tide over the impact of high tariffs imposed by the US on Indian shipments.
In the global market, U.S. Treasury yields were lower on Wednesday as investors welcomed progress on bringing an end to the government shutdown. Furthermore, oil prices fell sharply on Wednesday after OPEC said it now expects the global market to be balanced in 2026, abandoning its earlier deficit forecast as non-OPEC production rises and inventories recover.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.51% from its previous close of 6.48% on Wednesday .
The benchmark five-year interest rates were trading 1 basis point higher at 6.17% from its previous close of 6.16% on Wednesday.
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