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Market move▼ Bearish for Indian equities
US 10-year yield at 24-year high rattles Nifty, rupee and bond markets. Why is India hit hard?
The brief
- The US 10-year Treasury yield surged to a 24-year high
- The global bond sell-off pressured Indian equities, bonds and the rupee
- Rising US yields pressure Indian equities, bonds and the rupee
- Rupee drops to two-month low of 96.31/$ as global bond rout deepens, oil jumps
- Will MDR on UPI give a boost to digital rupee?
- Another stock market crash: Nifty, Sensex tank - FII selling, high bond yields, among 5 reasons behind big plunge
- RBI forex swaps open lower-cost dollar funding route for Indian firms
- A weak rupee would push RBI to follow tightening path
Global bond selloff and rising Treasury yields
Rising US Treasury yields and inflation concerns pressured global debt markets, with the US 30-year yield above 5.61% on Sept. 29. Indian bonds also weakened, while higher yields raised the hurdle for equities and foreign investors sold again.
Thursday, 1 October
- US 10-year yield at 24-year high rattles Nifty, rupee and bond markets. Why is India hit hard?