The Reserve Bank of India (RBI) on Friday announced it will conduct Open Market Operation (OMO) purchase auctions of Government of India securities worth ₹1,00,000 crore to manage liquidity conditions in the financial system. The central bank said the purchases will be carried out in two tranches of ₹50,000 crore each, scheduled for March 9,…
The Indian government bonds traded lower on Monday, after the crude oil prices jumped amid escalating military conflict in the Middle East, following the US and Israel’s strikes on Iran, weighing on investors’ risk appetite. The benchmark 6.48% 2035 bond yield rose to 6.6894%, after ending at 6.6601% on Friday. Bond yields move inversely to…
On Monday, February 2, Indian bond yields jumped by 8 basis points (bps) following the government’s announcement of gross borrowing through government securities that exceeded expectations. The yield on the 10-year benchmark bond started at 6.740% and reached 6.778%, in comparison to the previous day’s close of 6.696%. The 10-year bond yield climbed to 6.78%,…
Yields on Indian government bonds rose on Tuesday after Bloomberg Index Services deferred their inclusion in its flagship Global Aggregate Index due to operational issues, dashing hopes of imminent foreign inflows and souring market sentiment. Bond traders had been expecting confirmation of India’s entry into the index this week, a move that was expected to…
