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The Economic Times

India 10-year bond set for best month in 7 years on oil slide, foreign demand

India Oil Bonds Reserve Bank of India Foreign Investment

Indian government bonds rose on Tuesday, with the benchmark 10-year yield on track for its biggest monthly decline in nearly seven years, supported by lower oil prices and a pickup in foreign buying.

The yield on the benchmark 6.94% 2036 bond was at 6.7223% by 11:45 a.m. IST, ‌its lowest since ⁠March ⁠18. It has declined 28 basis points in June, its steepest monthly fall since July 2019.

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