• The 10-year benchmark government bond (6.94% GS 2036) opened flat at 6.85% amid uncertainty over the peace talks between the US and Iran. • Over the day, the 10Y point stayed within in a thin band throughout the day amid the lack of any significant global or domestic triggers. • Indian rupee snapped its six-day gaining streak and fell to a one-week low on dollar buying by importers. INR ended at 94.68/$ vs 94.32/$. • The 10Y point ended flat at 6.85%. • The latest banking system liquidity stands in surplus of ~INR 306.85 Bn.
