• On Thursday, the 10Y benchmark (6.94 GS 2036) opened 2bp lower at 6.74% due to an overnight fall in prices of Brent crude oil. • Over the day the 10Y bond yield fell to 6.71% as traders were hopeful of the inclusion of Indian bonds in Bloomberg's flagship Global Aggregate Index, which supported market sentiment. • The rupee ended at a three-week low against the dollar, marking the fourth consecutive day of decline on persistently dollar buying on behalf of oil and other importers. INR ended at 95.39/$ vs 95.25/$. • The 10Y point ended 4bp lower at 6.72% vs 6.76%. • The latest system liquidity stands in surplus of ~INR 864.68 Bn.
