The yield of the 10-year government bonds on Monday fell five basis points to hit a near 11-week low after the Reserve Bank of India said it will buy back bonds worth Rs 40,000 crore in November through open market operations (OMO). The 10-year gilt yield stood at 7.829% from its Friday’s close of 7.876%. Bond yields and prices move in opposite directions. Meanwhile, the rupee was trading at 73.35 a dollar, up 0.17% from its Friday’s close of 73.47. The currency opened at 73.30 a dollar. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961The yield of the 10-year government bonds on Monday fell five basis points to hit a near 11-week low after the Reserve Bank of India said it will buy back bonds worth Rs 40,000 crore in November through open market operations (OMO). The 10-year gilt yield stood at 7.829% from its Friday’s close of 7.876%. Bond yields and prices move in opposite directions. Meanwhile, the rupee was trading at 73.35 a dollar, up 0.17% from its Friday’s close of 73.47. The currency opened at 73.30 a dollar. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961
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