Finance Ministry announced repurchase of '1.44% Inflation Indexed Government Stock-2023' through reverse auction
Benchmark 10-year bond yield was down 3 bps at 7.49%, after earlier falling to 7.47% the lowest since July 2013
10-year benchmark eases 4 bps to 7.79%, while the rupee recovered to 68.7250
The fund raised will help the bank to meet global risk norms, Basel III, which will kick in from March 2019