India’s 10-year G-Sec yield falls to around 7.36%
Updated
Summary
India’s 10-year G-Sec yield fell to around 7.36% for another session, as a sharp drop in US Treasury yields prompted value buying that offset inflation concerns from elevated crude prices.
Why it matters
Indian yields tracked the US 10-year Treasury yield’s decline to around 5.05%, amid expectations that the Federal Reserve may delay its next rate hike until December.
Easing oil prices following a potential improvement in Russian supply also supported Indian yields.
September consumer inflation accelerated to 5.54%, and inflation could exceed the RBI’s 6% upper tolerance limit in October.