business / news / / Moneycontrol
The 10-year benchmark bond yield was trading at 6.63 percent in the evening trade.
The 10-year benchmark bond yield rose to 6.63%, its highest this financial year.
KEY POINTS
- Foreign investors have pulled out Rs 8,150 crore from government securities under FAR in one week.
- Bond yields increased despite a 25 bps RBI rate cut and maintained neutral policy stance.
- FPIs switched from net buyers to net sellers due to rupee depreciation and US trade deal delays.
- Rising US and Japanese bond yields also contributed to upward pressure on Indian government bond yields.
COMPANIES
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