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India's benchmark 10-year yield was at 7.0265% as of 10:30 a.m. IST, following its previous close at 7.0583%. Thursday's close was the lowest since July 18 and the yield logged its biggest single-session fall since May 3.
The 10-year benchmark bond yield was at 7.2313% as of 10:00 a.m. after ending the previous session at 7.2828%. Earlier in the day, the yield fell to 7.2262%, the lowest since Oct. 6. Indian markets were shut on Tuesday.
However, the fall in yields was capped as caution prevailed on the Reserve Bank of India's plan to sell bonds to contain banking system liquidity.