India's 10-Year Bond Yield Hits 3-Year Low Amid Central Bank Buying

In a significant development, India's 10-year bond yield has plummeted to a near three-year low of 6.6465%, following substantial purchases by the Reserve Bank of India (RBI). This drop signals growing optimism in the market as traders anticipate further liquidity measures from the central bank. The yield's decline reflects a broader trend influenced by expectations of monetary easing amid slowing economic growth. Analysts suggest this could pave the way for more favorable borrowing conditions in the coming months. 
Source: Money Control, Economic Times