The yield on the benchmark 10-year bond was at 6.3091% as of 10:30 a.m. IST, after closing at 6.3136% on Wednesday.
The central bank removed 973 billion rupees ($11.37 billion) via a two-day variable rate reverse repo on Wednesday.
The one-year OIS rate was little changed at 5.50%, and the two-year OIS rate was flat at 5.49%.
The liquid five-year was down nearly 2 bps at 5.69%.
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