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The Economic Times

Business

India's benchmark bond breaks 4-day falling streak as value investors return

Monetary Policy US Federal Reserve Bonds Inflation Indian Rupee Interest Rates Reserve Bank of India United States

Indian government bonds snapped a four-session falling streak on Tuesday, after the yield rising to a three-year high attracted investors back to the market.

A policy rate hike and liquidity withdrawal by the central bank had pushed the benchmark bond yield up by 20 basis points over four sessions. The 6.94% 2036 bond ended at 7.3655% against 7.3857% in the previous session.

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