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.