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The Economic Times

Business

India bonds dip as RBI's diaspora swap move dents sentiment

RBI India Bonds

Demand for Indian government bonds weakened early on Monday after the Reserve Bank of India unexpectedly closed its concessional swap window for foreign-currency deposits ahead of schedule, cutting a key source of demand for bond purchases.

The yield on the benchmark 6.94% 2036 bond jumped 3.5 basis ‌points to ⁠6.7909% ⁠by 10:45 a.m. IST. Bond yields move inversely to prices.

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