India’s benchmark bond yield surged as traders priced in potential rate hikes, while hawkish MPC minutes, geopolitical tensions and fading FCNR liquidity optimism weighed.
Indian government bonds encountered significant challenges this week, marking the worst week of the financial year. The Reserve Bank of India's hawkish policy minutes triggered a selloff, compounded by the early closure of a diaspora-deposit hedging facility. Additionally, soaring crude oil prices heightened inflation concerns and rate hike fears in India, culminating in a notable increase in bond yields.
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Source: Read the original article on economictimes.indiatimes.com
