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Market move▼ Bearish for Indian equities
Rupee, bonds face pressure as US Treasury yields rise and crude tops $100
The brief
- The rupee fell 0.5% to 96.31 per dollar
- The 10-year bond yield rose to 7.21% as Brent crossed $100 a barrel
- Higher crude and yields pressure Indian importers, rate-sensitive stocks and government-bond holders
- Global bond rout hoists benchmark Indian yield to mid-2024 high before RBI policy
- Bond yields rise, raising the hurdle for Indian equities
- India bonds end choppy quarter at over 2-year lows as rate hike bets mount
- Indian bond yields ease as oil cools, Fed rate hike bets tumble ahead of RBI policy
- Bond supply may outweigh demand, push yields higher