The benchmark 6.48% 2035 bond yield settled at 7.0917%, bouncing off the day's low of 7.0636%, but still 2.2 basis points below Thursday's close. The yield rose 3 bps on the week after sharp swings inrecent sessions. Bond prices move inversely to yields.
Indian government bonds reversed early gains as reports emerged that the central bank is considering a rate hike to curb the rupee's sharp decline. The benchmark bond yield surged following the news, overshadowing positive global cues like falling oil prices …
BREAKINGThe benchmark 6.48% 2035 bond yield was up about 7.5 basis points at 7.1427% by 10:55 am IST - hovering around a six-week high, and on the verge of breaking out to hit its highest in two years
Indian government bonds saw a significant rise on Wednesday, driven by a dip in crude oil prices amid hopes of a U.S.-Iran peace deal. This eased domestic inflation worries, pushing the benchmark 2035 bond yield lower. Investors are cautiously optimistic, awa…