India 10-year bond yield rises as oil prices weigh
pre-market1 source ↓written by the desknot a recommendation
- bond rising
- 6.8269%
- from Monday
- 5 basis points
- after the RBI's
- 6.76%
- in inflows
- $50 billion
Indian government bonds fell for a second consecutive session, with the yield on the benchmark 6.94% 2036 bond rising to 6.8269%, up 5 basis points from Monday. This decline follows elevated oil prices and the Reserve Bank of India's early closure of a deposit scheme, which raised concerns over domestic liquidity.
The yield had previously dropped to 6.76% after the RBI's dovish policy stance on 5 Aug. The early closure of the swap facility, prompted by over $50 billion in inflows, has compounded market pressures.
Not investment advice. For informational purposes only.