Yield on the 10-year benchmark bond settled at 7.16% on Friday, four basis points higher than its previous close and the highest closing level since July 7, Bloomberg data showed. Bond prices and yields move inversely. One basis point is 0.01 percentage point.
Boost in urban infrastructure: HUA ministry allocated Rs 96,777 cr in Budget 2025-26
The Indian government increases the Union Housing and Urban Affairs Ministry’s budget allocation by 18% to Rs 96,777 crore for FY 2025-26. Key initiatives include