24 Hrs
Source:
Sky News
Indian bonds face rate hike concerns
Indian government bonds were negatively affected following the release of the monetary policy committee minutes, which emphasized inflation risks and the possibility of an earlier interest rate hike. Yields on ten-year bonds rose to 6.86%, with the 10-year yield increasing by 8 basis points, amid expectations from the deputy governor and the governor of potential price increases during the current year. The minutes revealed a more hawkish stance from committee members, leading markets to reassess expectations for holding interest rates steady for a prolonged period. Experts anticipate that rising inflation and interest rates may impact the performance of the Indian bond market in the upcoming period.
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