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The G-sec yields rose as rupee depreciated to 71 levels, in addition crude prices remain elevated near $78.
Market participants fear rising cost of crude oil will impact inflation and current account deficit. This will lead to some selling in the G-Sec market.
The 10-Year benchmark bond touched 7.96% on Friday, while it closed at 7.95%. The bond yields are now hovering near its 3-month high of 7.99% in June 2018.
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