India bonds rise as oil prices fall and foreign inflows surge
pre-market1 source ↓written by the desknot a recommendation
- dropping
- 10-year yield
- dropping
- 6.7501%
- decline—the steepest monthly
- 26 basis points
- net inflow
- $3 billion
Indian government bonds rallied in June, with the 10-year yield dropping to 6.7501%, marking a 26 basis points decline—the steepest monthly fall since July 2019. This surge was fueled by a $3 billion net inflow from foreign investors, the highest on record, alongside supportive domestic policies and a favorable external environment.
The Reserve Bank of India’s measures to attract dollar inflows and the removal of taxes on foreign investments have significantly enhanced market sentiment, potentially stabilizing the rupee and boosting bond demand.
Not investment advice. For informational purposes only.