Bonds snap four-day rising streak
India is unlikely to cancel any of remaining debt sales this fiscal year as the government wants to keep open all of its options to fund its fiscal deficit, two officials with direct knowledge of the situation said.
The benchmark 10-year bond yield closed 2 basis points (bps) higher at 7.86%. Yields have retreated 8 basis points since surging to a one-month high of 7.94% on February 4, following disappointment from RBIís cautious statement.
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