Bond yields drop 6 bps to 6.75% on RBI's daily VRR auction assurance

Bond Yields Drop 6 Bps to 6.75% on RBI’s Daily VRR Auction Assurance: Bond yields dropped by 6 basis points to 6.75% following the Reserve Bank of India’s (RBI) assurance of continued support through its daily Variable Rate Repo (VRR) auctions. The RBI’s intervention is aimed at stabilizing the bond market by ensuring liquidity and keeping yields in check. The RBI’s action reflects its ongoing efforts to maintain economic stability and support the financial system during times of market volatility.