Mumbai, Nov. 20 -- The US Treasuries showed a lack of direction before eventually closing slightly lower. As a result, the yield on the benchmark ten-year note that moves opposite of its price, inched up by 1 basis point to 4.13 percent. Additionally, the Federal Reserve released the minutes of its latest monetary policy meeting on Wednesday, revealing officials had mixed views about the outlook for interest rates. The Fed said most participants agreed that it would be appropriate to eventually lower rates, several indicated that they did not necessarily view another 25 bps rate cut as likely to be appropriate at the December meeting.

Published by HT Digital Content Services with permission from Capital Market....