Government bond prices ended lower after the Reserve Bank of India (RBI) sold Rs 12,000 crore of fresh papers on Friday, erasing most of the week's gains. Yields on the 10-year benchmark government bond closed at 8.37 per cent, higher by four basis points over yesterday's close and lower by one basis point over the previous week's close.
The price of the 10- year benchmark government bond closed at Rs 102.8 on Friday. Bond prices rose to a high of Rs 103.41 on Tuesday, as a shift in policy stance by RBI raised hopes of possible rate reversals. The declining food inflation and bond purchases through open market operations kept a check on rising yields during the week.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app