India bonds hit near 33-month low

The 10-year benchmark bond yield rose 7 basis points to 7.90 percent on Tuesday.

India bonds hit near 33-month low

Mumbai: Indian bonds and the rupee currency weakened to multi-month lows in early trade on Tuesday, as global crude oil prices inched up and the local inflation print came in higher than expected.

The 10-year benchmark bond yield rose 7 basis points to 7.90 percent on Tuesday, its highest since Aug. 25 2015, while the Indian rupee fell to 67.76 against the dollar, its weakest since Jan. 31, 2017 from its previous close of 67.50.

 

 

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