The yield rose on Monday, which resulted in investors refraining from aggressive buying. The benchmark yield is likely to remain around the 7.20% level after it failed to breach 7.15% on the downside last week.
Indian government bond yields remained steady on Friday, with the benchmark 7.26% 2033 bond yield finishing at 7.0784%, following the sale of bonds worth 310 billion rupees ($3.78 billion) that included a $885 million 14-year bond. After hitting a high of 7.10% earlier in the day, traders remained cautious in light of the US Fed s upcoming interest rate decision on Wednesday; the odds of a 25-basis-point