The benchmark 10-year government bond yield rises to 7.24 per cent as the RBI shifts to withdrawal of accommodation, with foreign outflows and oil prices adding pressure
The rupee fell 0.5 per cent to 96.31 per dollar, while the benchmark 10-year bond yield rose to 7.21 per cent as Brent crossed $100 a barrel ahead of the RBI policy meeting.
Benchmark 10-year government bond yield rises 6 basis points to 7.19 per cent as higher crude prices and a weaker rupee intensify pressure on the bond market
Benchmark 10-year government bond yield settles at 6.91 per cent, while the rupee closes at 95.39 per dollar as RBI dollar sales support the local currency
Benchmark 10-year government bond yield rose to 6.85% during the week, while the rupee weakened to 95.71 per dollar amid higher crude prices and hawkish MPC signals
Benchmark 10-year government bond yield rises 5 basis points to 6.87 per cent as markets increasingly price in the possibility of a rate hike at the next policy review
The rupee strengthened and government bond yields eased on geopolitical relief and lower crude prices before both pared gains after the RBI's policy announcement and Governor Sanjay Malhotra's remarks
Despite markets continuing to price in policy rate hikes over the next 6-12 months, the softer-than-expected tone of the policy has supported bond markets, said Deepak Agrawal, Kotak Mahindra AMC.
Softer crude prices, expectations of lower state borrowing and FCNR(B) inflows supported bonds, while importer dollar demand erased the rupee's intraday gains.
Bloomberg's platform enables foreign portfolio investors to execute Indian government bond trades electronically through a single interface connected to the NDS-OM system
The rupee weakened 59 paise against the US dollar as broad dollar strength, weaker Asian currencies, importer demand and foreign portfolio outflows weighed on sentiment
The investment bank said easing inflation expectations, lower oil prices and reduced fiscal risks have improved the outlook for India's long-dated government securities, particularly 30-year bonds
The rupee rose for a fourth straight session and bond yields eased as crude oil prices fell below pre-conflict levels and strong foreign debt inflows lifted market sentiment
The purchases by Fairfax India Holding Corp were made to bring capital into the country ahead of a potential deal to buy stake in government-owned IDBI Bank
Traders said Indian debt markets still face rate risks from El Niño's potential impact on inflation and growth and elevated global yields after a hawkish US Federal Reserve commentary
The RBI had previously explored allowing settlement through offshore platforms to expand the foreign investor base for local currency debt, at a time when overseas interest was subdued
