



Mumbai: Indian federal bond yields fell to their lowest since April 2005 on Wednesday as expectations of further rate cuts mounted.
At 12:15 p.m., the 10-year benchmark bond yield was at 6.78 per cent, 12 basis points below its previous close.
On Tuesday, a senior government official said law makers were likely to announce a package aimed at helping the struggling housing, export and finance sectors by early next week.
Local media reports also suggested the central bank may cut rates before the weekend.
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