Mumbai, June 5 -- India's benchmark 10-year 6.48 GS 2035 government bond yield slipped to a one-month low, dropping to roughly 6.94%. This decline was driven by the Reserve Bank of India's (RBI) decision to hold its repo rate steady at 5.25% alongside a new government ordinance that exempts foreign investors from capital gains taxes on government securities. The measures included scrapping capital gains tax for foreign investors in government bonds, removing the 20% tax on interest earned from such investments with effect from April 1, 2026, offering concessional forex swaps until September 30, and subsidising hedging costs for overseas borrowing and foreign currency non-resident deposits. The RBI also expanded the Fully Accessible Route (F...