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Bonds

Bonds gain as RBI widens special open market operation

Updated : January 03, 2020 02:42 PM IST

The Indian central bank has offered to buy a wider range of papers at the latest auction as against just the benchmark 10-year at the first two OMOs, making it more attractive for participants.
The benchmark 10-year bond yield dropped as much as 3 bps to 6.48 percent on Friday and traders said they expected yields to stay capped at 6.55 percent levels in the near term despite broader economic concerns.
Bonds gain as RBI widens special open market operation

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