Weakening data and dovish comments from some Fed officials have sent yields tumbling, with 10-year yields dropping from 16-year highs reached in October. Yields extended their drop on Tuesday after a report showed that job openings fell sharply in October.
The drop in US inflation and yields, along with India s CPI inflation moderation, fueled a robust rally in the Indian market. Shares of Persistent Systems recorded a new all-time high of ₹6,396 apiece in today s trade.