Indian bonds seen lower as Fed hikes could pressure RBI
Indian government bonds are expected to decline on Thursday after the U.S. Federal Reserve hiked rates for the first time since July 2023, raising pressure for the RBI to follow as it tackles rising inflation.
S. Federal Reserve raised interest rates for the first time since July 2023, a move that could pressure the domestic central bank to follow suit as it contends with rising inflation. 94% 2036 bond yield is expected to rise.