India bond yields resume decline as US peers fall, budget boosts purchases




Indian government bond yields extended their decline on Friday, tracking moves in U.S. Treasury yields, a day after the federal budget's tepid targets triggered aggressive debt purchases.

India's benchmark 10-year yield was at 7.0265% as of 10:30 a.m. IST, following its previous close at 7.0583%. Thursday's close was the lowest since July 18 and the yield logged its biggest single-session fall since May 3.

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