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Bond Yield Drops On Reserve Bank’s OMO Plan – Yield on India’s 10-year 7.17 percent bond expiring in January 2028 dropped 4 basis points to 7.82 percent after the Reserve Bank of India said it will buyback Rs 10,000 crore of debt via open market operations (OMO) on Thursday, the first such OMO operation after May 17.
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