India 10-year bond yield at over one-year low; sentiment bullish
Updated : May 27, 2019 12:26 PM IST
India's benchmark 10-year bond yield at 7.16 percent, its lowest level since April 9, 2018. It had ended at 7.23 percent on Friday.
The Reserve Bank of India (RBI) last week announced an open market operation to buy up to Rs 15,000 crore ($2.16 billion) worth of bonds on June 13.
The RBI had conducted two OMOs for a total of Rs 25,000 crore in May.