Mumbai, April 8 -- India's 10-year government bond yields extended their recent drop as crude oil prices melted today. WTI Crude oil futures tumbled after the US President Donald Trump's two-week Iran ceasefire announcement. The counter slipped under the key $100 per barrel mark and tanked near two-week low. Meanwhile, the Reserve Bank of India's Monetary Policy Committee has kept the main policy instrument, repo rate, unchanged at 5.25% and cut its economic growth forecast to 6.9% for FY2027 from 7.6 % revised growth projected for FY2026. The benchmark government bond yield tanked well under 7% mark following this and currently quotes at 6.90%, down more than 10 basis points. This is the lowest level in around two-weeks for the yields. U...
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