The benchmark 10-year bond was quoted at 100.50 rupees, with the yield little changed at 6.7169% as traders watch for a weekly auction as well as domestic GDP growth data. The one-year overnight index swap rate was down 2 basis points at 6.25%, while the five-year swap rate dropped 2 bps to 6.00%.

Domestic equity benchmarks- the Sensex and the Nifty 50- ended flat on Thursday, February 27, amid persisting concerns of foreign capital outflow, economic growth slowdown and a trade war fears between the US and its allies.

IT and financial stocks, where foreign investors hold significant stakes, accounted for half of Nifty 50’s losses.