India 10-year bond yield logs biggest plunge in 2 months as oil rally falters

India's benchmark 10-year bond yield fell 5 basis points to 6.7739%, its biggest drop in two months, as a sharp decline in oil prices eased inflation concerns. Brent crude slumped to around $89 per barrel from $102 last week after the United States and Iran paused fighting. Swap rates plunged 9-14 basis points, their biggest move since May 25, while the RBI is expected to keep its key repo rate unchanged at 5.25% in its policy decision next week.