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.

The market closed lower for the 5th consecutive month, marking their longest losing streak in 29 years. A mix of concerns has led it to fall 18 per cent from its record highs in late September