Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The Indian bonds strengthened Thursday as investors remained cautious ahead of the Reserve Bank of India's surprise open market buying of government gilts.
The yield on the benchmark 10-year bonds, which moves inversely to its price, fell nearly 1-1/2 basis points to 7.042 percent, the 5-year note yield dipped 1/2 basis point to 6.945 percent, the super-long 30-year Treasury yield tumbled nearly 2 basis points to 7.196 percent and the short-term 3-year note yield slid 1/2 basis point to 6.822 percent by 06:40 GMT.
According to Reuters, the Reserve Bank of India will purchase five securities maturing from 2017 through 2030 for up to 100 billion rupees today under the so-called open market operation, it said in a statement. The OMO will be the eighth such auction in the current fiscal year that started April 1. So far in this fiscal, the RBI has bought 905 billion rupees of government bonds, as it seeks to infuse durable liquidity in the banking system.
Last week, India’s second quarter GDP growth slows to 7.1 percent q/q, compared to 7.9 percent in January-March quarter driven by the slowdown in mining, construction and farm sectors. This was the lowest print recorded in last six quarters.
Meanwhile, the Sensex rose 0.18 percent or 51.85 points to 28,978.21 and Nifty-50 futures traded 0.10 percent lower or 8.70 points at 8,949 by 07:00 GMT.
