Bond yields traded higher on Wednesday amid Reserve Bank of India eased some curbs on speculation in the rupee. Under revised directives, authorised dealers or banks can resume offering non-deliverable derivative contracts involving INR to resident or non-resident users, but must comply with certain restrictions on related-party transactions. Also, the $100-million cap in net open position is still effective.
In the global market, the U.S. 10-year Treasury yield went up on Tuesday as investors looked for more clarity on whether the U.S. and Iran would reach a peace agreement.
Back home, the yields on new 10 year Government Stock were trading 02 basis points higher at 6.91% from its previous close of 6.89% on Tuesday.
The benchmark five-year interest rates were trading 02 basis points higher at 6.59% from its previous close of 6.57% on Tuesday.
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