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Bond yields 3-month low ahead of RBI policy decision as oil prices drop

Indian government bond yields dropped on Friday, with the 10-year yield trading at a three-month low, after global oil prices fell overnight, while market participants awaited a Reserve Bank of India

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Reuters MUMBAI
1 min read Last Updated : Aug 05 2022 | 10:10 AM IST

MUMBAI (Reuters) - Indian government bond yields dropped on Friday, with the 10-year yield trading at a three-month low, after global oil prices fell overnight, while market participants awaited a Reserve Bank of India policy decision for further cues.

The 10-year bond yield was trading at 7.1141%, as of 0340 GMT, after ending at 7.1566% on Thursday.

The benchmark Brent crude oil contract ended 3.7% lower at $94.12 per barrel on Thursday amid worries over fuel demand.

 

(Reporting by Dharamraj Lalit Dhutia; Editing by Subhranshu Sahu)

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Topics :RBI monetary policyIndian bondsOil prices dip

First Published: Aug 05 2022 | 10:10 AM IST

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