RBI governor Rajan to hold news conference

MUMBAI (Reuters) - Reserve Bank of India (RBI) chief Raghuram Rajan will hold a news briefing at 3.30 pm, the central bank said in an e-mailed statement on Tuesday.

It did not specify the reason for the briefing.

Bond yields fell after the news. Benchmark 10-year yield fell 3 basis points to 9.06 percent as dealers anticipated new measures to support the bond and rupee markets.

(Reporting by Subhadip Sircar; Editing by Rafael Nam)