India bonds range-bound amid state debt supply and rupee decline
after close1 source ↓written by the desknot a recommendation
- against the US
- ₹89.76
- yield stood
- 6.5605%
- on Monday
- 6.5732%
Indian government bond prices remained in a tight range as traders faced heavy state debt supply and a tumbling rupee, which hit a lifetime low of ₹89.76 against the US dollar. The benchmark 10-year yield stood at 6.5605%, slightly down from 6.5732% on Monday. Caution over upcoming state debt auctions is expected to limit buying activity.
Not investment advice. For informational purposes only.