India bonds extend weekly slide; struggle to shake off RBI hike, hawkish stance shift
6 Articles
6 Articles
India's 10-year Bond Yield Hits 7.40%; Experts See Pressure on Credit Growth
Get latest articles and stories on Business at LatestLY. India's benchmark 10-year government bond yield surged 10 basis points to 7.40 per cent on Monday following the Reserve Bank of India's (RBI) liquidity withdrawal measures. As per market experts, tighter banking system liquidity and rising borrowing costs could keep bond yields elevated and weigh on credit growth and interest-sensitive sectors. Business News | India's 10-year Bond Yield H…
India bonds extend weekly slide; struggle to shake off RBI hike, hawkish stance shift
Indian government bonds have faced a downturn for the eighth consecutive week, primarily influenced by soaring oil prices and a more aggressive stance from the central bank. The yield on benchmark bonds has surged, signaling a drop in investor confidence. Additionally, the Reserve Bank of India raised the repo rate to 5.50%, with economists anticipating further increments that may take it to at least 6.00%.
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