Patel Cash Boost Helps India Bond Yields Reclaim Seven-Year Lows

  • RBI to buy up to 100 billion rupees of debt on Thursday
  • Trust Capital sees yield on new 10-year bond dropping to 6.50%

Indian sovereign bonds rallied, driving the benchmark 10-year yield to its lowest close in seven years, as the central bank sought to add more cash through debt purchases.

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