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The Economic Times
The Economic Times

India bonds up on oil slump, foreign inflows; 10-year yield posts biggest monthly fall in 7 years

Indian government bonds gained in June, ​with the benchmark 10-year yield ​logging its biggest monthly decline in seven years, as a crash ​in oil prices and a surge in foreign investment bolstered sentiment.

The yield on the benchmark 6.94% 2036 bond ended at 6.7501%. It has nosedived 26 basis points in June, its steepest monthly ‌fall since ⁠July 2019 ⁠and 28 bps this quarter, biggest since quarter ended March 2020.

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