India bonds breach 7% as rupee declines amid Fed hawkishness
after close1 source ↓written by the desknot a recommendation
- hitting
- 10-year bond yield
- hitting
- 7.0495%
- against the U.S
- ₹95
- in Brent crude
- 4% surge
- per barrel
- $123
India's financial markets faced pressure on 30 Apr, with the 10-year bond yield hitting 7.0495%. The Indian rupee fell sharply, crossing ₹95 against the U.S. dollar. This decline was driven by a hawkish U.S. Federal Reserve outlook and a 4% surge in Brent crude oil prices to $123 per barrel, raising concerns over global liquidity and supply tightness.
Not investment advice. For informational purposes only.