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RBI's dovish signals reduce 10-year bond yields

RBI's dovish stance cut bond yields to 6.
The Reserve Bank of India’s dovish signals led to a decrease in 10-year bond yields to 6.85% from 7.05%. This move came amid fiscal pressures, with the fiscal deficit at 52.6% of FY26’s target, amounting to ₹11.2 lakh crore through October. Strong tax collections of ₹18 lakh crore provide some cushion.