India has been recording the highest growth rate amongst the Brazil, Russia, India, China and South Africa (BRICS) economies, a KPMG report said.
RBI is expected to go for a 25 basis points rate cut in key rates in its policy review meet in August, says a report.
The 6.79 per cent government security maturing in 2027 went down to Rs 94.33 from Rs 94.40, while its yield inched up to 7.67 percent from 7.66 percent.
The 7.17 percent 10-year benchmark bond maturing in 2028 slid to Rs 97.8250 from Rs 98.20 previously, while its yield edged up to 7.49 percent from 7.43 percent.
A policy to provide thrust to air cargo would be drafted soon as it will fuel the growth of the aviation sector and boost the country's economy, Suresh Prabhu said.
Government bonds (G-Secs) gained further following rising demand from corporates and banks.
CII said it expects India's gross domestic product (GDP) to grow at 7.3-7.7 per cent during the 2018-19 financial year.
The 30-share Sensex gained 60 points to 33,940.44, while the broader NSE Nifty finished at 10,417.15, up 14.90 points.
India can benefit from the ongoing challenges in global trade provided it plays its cards well, Suresh Prabhu said.
The 7.17 percent 10-year benchmark bond maturing in 2028 fell to Rs 99.95 from Rs 100.28 previously, while its yield rose to 7.17 percent from 7.13 percent.
Aditya Birla Group May Raise $1 Bn To Repay Regulatory Dues
AB Group To Sell Stake & Promoter Entities Of Co
In Talks With Large PE Funds
Deal Will Let AB Group Maintain Current Shareholding
PE Investors To Get Indirect Stake In Idea
Bags Orders For Rural-Urban Electrification Project
Project worth Rs 3577.93 Cr
Projects under Saubhagya Yojna
Projects to be completed within 15 months
Board Meeting On April 19 To Consider Various Bids Received
CKP Financial Open Offer To Acquire 1.39 Cr Shares Of Co
Offer Represents 25.02% Stake, With Price Of Rs 400/Sh
To make an investment of rs 500 cr in GIFT City
Will develop about 1,000 housing units in GIFT City
Residential footprint rises to 10 cities with investment