Bond yields rise to 3-year high on RBI liquidity cut
· economictimes.indiatimes.com
In a significant financial shift, India's government bond yields have hit a three-and-a-half-year high of 7.39%, primarily due to the central bank's strategy to minimize liquidity. Over the past month, the yield on the 10-year benchmark has surged by 38 basis points. The Reserve Bank of India plans a bond sale of ₹25,000 crore this Tuesday while also raising the cash reserve ratio to 99%, effective from mid-October.
The 10-year yield has surged more than 5%, or 38 basis points, over the past one month, investing.com data showed.
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