A significant selloff in Indian government bonds occurred as global yields rose and inflation pressures heightened. The Indian benchmark 10-year yield reached its highest level since April 2024. Traders expect the Reserve Bank of India to announce a rate hike at its upcoming policy meeting next week. Additionally, concerns regarding excessive liquidity in the banking system have intensified amid upcoming bond issues.
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.