Bond yields traded lower on Friday despite finance ministry's latest report stating that the GST rate rationalisation gave a measurable boost to consumption, and the Indian economy is on a stable footing to navigate risks and maintain growth momentum through the current fiscal.
In the global market, oil prices fell on Thursday after an unexpected increase in US crude inventories and signs of progress in Russia-Ukraine diplomacy eased supply concerns.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.50% from its previous close of 6.51% on Thursday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.17% from its previous close of 6.15% on Thursday.
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