Market move▼ Bearish for Indian equities
India bond yields remain under pressure ahead of RBI verdict
The brief
- Benchmark 6.94% 2036 bond yield seen in a 7.19%-7.24% band
- The bond ended Monday at 7.2108% as traders anticipated tighter monetary policy
- Higher yields can pressure bank bond portfolios and raise borrowing costs for Indian companies
- RBI October 7 policy: Hawkish commentary key as rate hike largely priced in, say experts
- What it will take for bond yields to drop
- Government cuts FY27 borrowing plan, but bond market remains wary: SBICAPS
- Auction of Government of India Dated Securities
- Indian bonds hold tight range ahead of RBI policy meeting
Indian bond yields ahead of RBI decision
Indian government bonds came under pressure from rising US Treasury yields and increased supply ahead of the RBI meeting. Traders expected the benchmark 6.94% 2036 bond yield to remain in a narrow range amid the policy uncertainty.
Tuesday, 6 October
- India bond yields remain under pressure ahead of RBI verdict