Currency, bond and stock markets in India's business hub of Bombay are closed for Good Friday.
Trading in the debt market will resume on Saturday, while the share and currency markets will reopen on Monday.
The yield on the 10-year benchmark ended one basis point lower on Thursday at 5.1118 percent.
The Indian rupee slipped from Wednesday's 51-month closing high on suspected central bank intervention to end Thursday at 43.6325/6400 per dollar.
The top 30-share Bombay index rose 0.4 percent to finish Thursday at 5,838.45 points.