India Bond Price

States borrow a record Rs 32,800 crore, cost jumps by 7 bps to 7.68%

Despite near 60 per cent more supplies, the states continued to pay more for their market borrowing with the average bond pricing rising by 7 basis points to a multi-week high of 7.68 per cent at the weekly auction on Tuesday. For the past many weeks, the yields were more or less stagnant and so was the debt-raising. Fourteen states raised a record-high Rs 32,800 crore from the market by issuing state government securities (SGS), which is a sharp 59 per cent higher than the year-ago level, even though the amount is 8 per cent lower than indicated in the auction calendar, Aditi Nayar, the chief economist & head of research at Icra Ratings said in a review note. She said the 7 bps rise in the weighted average cut-off to 7.68 per cent is due to the concerns related to monetary tightening as latest inflation numbers surprised on the downside. However, despite the all-time high borrowing and a mild increase in the weighted average tenor to 16 years from 15 years, the spread between the

Will Indian bond markets succumb to the global sell-off?

Bull market in global bonds has come to an end. As strong labour markets in the US suggest more rate hikes, will Indian bonds break under the mounting global pressure? Let's find out

Bond yields fall on short-covering; market still hopes for index inclusion

Call rate closes at highest since October 2019 as liquidity tightens

Bond yields plunge, rupee gains as easing crude oil buoys markets

The rupee ended the day at 77.98 to a dollar against a close of 78.07 on Friday

Indian bond yields off session highs on short-covering; rupee slumps

India imports more than two-thirds of its oil requirements and rising prices tend to push up imported inflation and widen the country's trade and current account deficits

Negative real interest rate for savers behind RBI's govt bond buying plan

Central bank acknowledges further interest cuts unlikely as a recent rollback of small savings rate cut showed.

India's decision to deregulate bond prices a good move, say investors

Foreigners say move to market pricing will instill discipline

Traders have doubts about India's bond rally as banks remain net sellers

State-run lenders, the biggest holders of sovereign debt, remained net sellers in five of the past seven days despite the rebound

Indian bonds hit near 18-month low on RBI officials' inflation warning

The rupee was also little changed, trading at 64.0825 per dollar compared to its 64.1000 close