The global backdrop remains the biggest problem. US yields above 5%, a firm dollar, higher crude prices and rupee weakness make India more vulnerable.
After a turbulent trading day, Indian government bonds ended lower on Tuesday. Profit booking led to a notable spike in the 10-year yield, marking its largest climb in more than two weeks. Caution grew among investors due to rising United States yields, heigh…

The rupee dropped to 96.44 per US dollar, slipping past the prior lifetime low of 96.3875 hit on Monday. The currency’s losses since the Iran war broke out in late February now total 6%.
By Nimesh Vora MUMBAI, May 19 (Reuters) - The Indian rupee fell to a lifetime low on Tuesday, weighed by intensifying external pressures, with the protracted...
Indian bonds have increasingly tracked U.S. Treasury moves in recent years, as higher U.S. yields narrow the return premium on emerging-market debt, spur foreign outflows and pressure the rupee.