Economic TimesLean R·
Indian bond yields slide on rain relief, continued foreign demand
Indian government bond yields continued their downward trend on Monday, boosted by improving monsoon rains and consistent foreign investment. The benchmark 10-year yield closed below a significant technical level, signaling potential for further gains. Overseas investors have been actively buying Indian bonds, attracted by measures to support currency inflows. Meanwhile, domestic swap rates also eased as monsoon concerns lessened and the likelihood of a domestic rate hike diminished.
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