Government bond prices opened up on Thursday

US yields have fallen so bond prices open up. oil prices slipped back after hitting their highest levels since 2014 in the previous session on the back of strong demand and short-term supply disruptions, underlying factors that limited losses. Brent crude oil price for March delivery traded at $88.33 a barrel on Thursday. The 6.10%-2031 bond ended at Rs 96.5100 or 6.6010% yield compared with Rs 96.5950 or 6.5885% yield at open on Thursday and Rs 96.4950 or 6.6031% yield at close on Wednesday.

India Ratings and Research (Ind-Ra) on Thursday said it expects India's GDP to grow 7.6% in FY23.

The Indian economy will show a meaningful expansion, as the real GDP in FY23 will be 9.1% higher than the FY20 (pre-Covid level) GDP level. the size of the Indian economy in FY23 will be 10.2% lower than the FY23 GDP trend value. A continued weakness in private consumption and investment demand is estimated to contribute 43.4% and 21.0%, respectively, to this shortfall."

Gold touched the highest in almost two months,

Treasury yields extended a decline from the highest in two years. Gold nudged higher on Thursday, having broken through a key resistance near $1,835 an ounce on Wednesday.Spot gold added 0.2% to $1,844.80 by 1:50 p.m. in London, and touched the highest since Nov. 22.Silver climbed, after rising 2.9% the previous session. Platinum and palladium also both extended gains.

Dollar /rupee opened flat on Thursday

Retreating in the dollar index gets offset by risk aversion in global markets and elevated crude oil prices. Brent crude oil price for March delivery traded at $87.95 a barrel on Thursday.Dollar index which weighs greenback against the basket of six major currencies, traded at 95.52 during early Asian tradedollar/rupee traded at Rs 74.32/$1 compared with Rs 74.42/$1 at open Thursday versus Rs 74.42/$1 at close on Wednesday.dollar/rupee to trade in Rs 74.20-74.60/$1 range today.