Global Bond Rout Pushes Indian 10-Year Yield to Mid-2024 High Ahead of RBI Decision
Indian government bonds came under heavy selling pressure on Tuesday as a global rise in yields and persistent inflation concerns rippled through domestic debt markets. The benchmark 10-year sovereign yield climbed to its highest level since April 2024, with traders increasingly betting the Reserve Bank of India will tighten policy at next week’s meeting amid worries over excess banking-system liquidity.
