India 10-year bond yields rise on oil prices and RBI actions
after close1 source ↓written by the desknot a recommendation
- yield rising
- 6.8269%
- from the previous
- 5 basis points
- post-RBI's dovish stance
- 6.76%
- from foreign-currency deposits
- $50 billion
Indian government bonds fell for the second consecutive session, with the benchmark 6.94% 2036 bond yield rising to 6.8269%, up 5 basis points from the previous close. This decline follows the Reserve Bank of India's early closure of a zero-cost swap facility, which raised concerns over domestic liquidity amid elevated oil prices.
• Yield had previously dipped to 6.76% post-RBI's dovish stance on August 5.
• The RBI's move was influenced by better-than-expected inflows exceeding $50 billion from foreign-currency deposits.
Not investment advice. For informational purposes only.