• The 10-year benchmark government bond (6.48% GS 2035) opened flat at 6.87% as on higher risk appetite on signs the war in West Asia could soon come to an end. • Over the day, the 10Y point rose to 6.90% on profit-booking by traders with focus on tomorrow’s weekly bond auction of INR 210 Bln. • Indian rupee ended higher at 93.20/$ vs 93.37/$ on growing hopes of a peace deal between the US and Iran. • The 10Y point ended 2bp higher at 6.89% vs 6.87%. • The latest banking system liquidity stayed in surplus of ~INR 5214.72 Bn.
