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The Economic Times
The Economic Times

Indian bonds dip as Fed move seen as final straw pushing RBI toward hikes

US Federal Reserve RBI Bonds Reserve Bank of India the US Federal Reserve

Indian government bonds fell in early trade on Thursday after the U.S. Federal Reserve raised rates for the first time since July 2023 and signalled another hike later this year, adding pressure on the RBI to follow suit.

The benchmark 6.94% 2036 bond yield was at 7.0779% as of 10:10 a.m. IST, after closing at 7.0524% on Wednesday.

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