India's benchmark yield at 7.10%; Fed outlook on 2024 rate cuts key





Indian government bond yields consolidated, with the benchmark yield around the key 7.10% level on Wednesday, as traders awaited the Federal Reserve's monetary policy decision later in the day, seeking insights into the interest rate outlook in 2024.


The benchmark 10-year yield was at 7.1017% as of 10:15 a.m. IST, following its previous close of 7.0981%.


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