Bond yields traded flat on Tuesday as International Monetary Fund (IMF) has increased India's Gross domestic product (GDP) growth forecast for the fiscal year 2025-26 (FY26) by 0.7 percentage point to 7.3 percent from its October projection.
In the global market, oil prices steadied on Monday as civil unrest in Iran subsided, reducing the likelihood of a U.S. attack that could disrupt supplies from the major producer, while market-watchers turned their attention to a stand-off over Greenland.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.68% on Monday.
The benchmark five-year interest rates were trading 3 basis points higher at 6.46% from its previous close of 6.47% on Monday.