India's 10-year bond yield falls near three-week low amid rising tax receipts
Mumbai, Nov. 2 -- Indian government bond yields continued to slide amid similar cues from global bond markets. Domestic 10-year yield slipped around 7 basis points in intraday moves today to quote at 7.32%, testing three-week low. Meanwhile, latest data showed that India's fiscal deficit widened to Rs 7.14 lakh crore during the April-September period, around 25% higher on year. In the first six months of the current financial year, the fiscal deficit was 42.1% of the full-year Budget estimate of Rs 16.96 lakh crore. In the corresponding period of last year, it was recorded at Rs 5.7 lakh crore, which was 36.5% of the full-year target. The Centre's revenue expenditure jumped by 10% YoY in the April-September period, while revenue receipts ...
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