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CLAIM ID

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Soon after the news that PMO is not in favour of issuing a forex-denominated overseas sovereign bond, the India 10-year bond yield gained 8 basis points on 25 July 2019, the biggest since April, to hit a two-week high of 6.518% at 3.40 PM.

The bond yield historical data available on the Investing website corroborates the statement.

The bond yield historical data available on the Investing website corroborates the statement.According to the Economic Times, the Prime Minister's office wants the finance ministry to reassess the idea of issuing foreign currency overseas sovereign bonds. The report mentions that it wants a wider consultation before the issuance.

Soon after the news broke out, the India 10-Year Bond Yield Historical Data, available on the site of Investing.com shows the change in daily price increased by 8 bps on 25 July 2019. The price on 11 July was 6.493 which was a low point. Previously on 4 April 2019, it closed high with 7 basis points daily which was the highest on an intraday basis.

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