India bonds decline amid cautious sentiment before RBI policy
after close1 source ↓written by the desknot a recommendation
- rose
- 6.5369%
- the previous day
- 6.5155%
- per U.S
- ₹90
- on Tuesday
- ₹1.17 billion
Indian government bonds fell on Wednesday as sentiment soured ahead of the RBI policy decision. The benchmark 10-year yield rose to 6.5369%, up from 6.5155% the previous day. A weakening rupee, now at a record low past ₹90 per U.S. dollar, further pressured the bond market. 📉
• RBI's bond purchases were minimal, with net buys of only ₹1.17 billion on Tuesday.
• The lack of a U.S.-India trade deal continues to impact investor confidence.
Traders should monitor upcoming policy announcements for potential market shifts.
Not investment advice. For informational purposes only.