The benchmark 10-year Treasury yield saw a sharp drop, declining approximately 13 basis points to around 4.65 per cent, following the release of the CPI report.
The nation is set to release its unemployment data for December later in the day, with expectations of a slight increase to 4 per cent from November’s 3.9 per cent, as predicted by Reuters’ survey.
Meanwhile, Indian firms’ overseas borrowings saw a steep 20.2 per cent decline in 2024, dropping to $23.33 billion from $29.22 billion in the previous year.
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