Bond markets rally as RBI cuts lending rate

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Bond markets rally as RBI cuts lending rate

May 22, 2020 15:13 IST

Indian bond markets rallied after the central bank cut its benchmark policy rate in an emergency session as the economy reeled from the coronavirus outbreak. The yield on the most-traded 2029 g-sec bonds fell 12 basis points to 5.91%, while that on the new 10-year notes dropped seven basis points.

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