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India News: SULTANPUR: In Sultanpur, a hundred kilometres to the east of Congress bastion Rae Bareli, another Gandhi has entered the poll fray again, eyeing a rec.
Maneka Gandhi, a veteran BJP MP, is contesting for her ninth term in Sultanpur amid strong opposition and local issues. Despite support from some party leaders, prominent BJP figures have not campaigned for her. Opposition candidates from SP and BSP have gained significant community support, making the contest challenging. Local issues like traffic congestion, law-and-order, and water shortages are major concerns for voters.
Indian government bond yields declined to a near one-year low after the central bank approved a record surplus transfer of 2.11 trillion rupees to the government, improving demand in Indian debt markets. Alok Singh from CSB Bank mentioned that the 10-year yield should move below 7% soon.
The 10-year yield ended at 6.9919%, its lowest since June 7, 2023, following its previous close of 7.0351%.
The Gandhi family's influence is a significant factor in the Lok Sabha elections in Rae Bareli, India. Congress has lost Rae Bareli three times since Independence, losing it to the BJP in the 2019 polls. Sonia Gandhi has represented the constituency for four consecutive terms since 2004 and has now passed on the baton to her son Rahul Gandhi. Rahul Gandhi is up against Dinesh Pratap Singh, who lost to Sonia Gandhi in the 2019 polls.