# The rupee also took another knock, falling to another all-time low of 93.97 against the dollar.

*business · news · 2026-03-23 · The Financial Express*

## Key points

- The 10-year Indian government bond yield hit a one-year high of 6.88% amid crisis concerns.
- System liquidity has shifted to a deficit of Rs 65,396 crore after being in surplus earlier.
- Overnight index swap rates surged by 50 bps since the start of the West Asia conflict.
- RBI secondary market interventions previously capped yields at 6.75% but are now more limited.
- The rupee's year-to-date FY26 depreciation of 9.96% is the highest in 12 years.

**Companies:** Canara Bank, ESAF Small Finance Bank
**Countries:** India, Iran, United States

[Read the full story on The Financial Express](https://www.financialexpress.com/market/geopolitical-risks-lift-bond-yields-to-one-year-high-rupee-sinks-to-new-low-4181841/)

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