Business · Markets · 3 hrs ago
India’s 10-year government bond yield falls to 7.39%
India’s 10-year government bond yield fell to 7.39% on Thursday, down 5 basis points and marking its biggest daily drop since July.
The yield is the return investors demand to hold the government’s benchmark 10-year bond.
A rally in US Treasuries and lower oil prices helped push it down as markets read Federal Reserve comments as pointing to a less hawkish approach to interest rates.
Oil fell to $113 a barrel from $116 the day before, while US Treasury yields also eased.
Analysts still expect Indian bond yields to rise, with many forecasting 7.70% to 7.75% by December and Axis Bank projecting 8% by June 2027.
The government plans to sell ₹33,000 crore of bonds on Friday, including ₹3,000 crore in a 30-year green bond.
India’s 10-year benchmark government bond yield fell 5 basis points to 7.39% on Thursday.
It was the yield’s biggest one-day fall since July, after closing at 7.44% the previous day.
A rally in US Treasuries and lower oil prices were cited as factors behind the decline.
The government is scheduled to sell ₹33,000 crore of bonds in its weekly auction on Friday.
- Who
- India’s government bond market.
- What
- The 10-year benchmark government bond yield fell 5 basis points to 7.39%.
- When
- Thursday; the article was published on 2026-10-30.
- Where
- India.
- Why
- A rally in US Treasuries and lower oil prices helped push yields down.
This story does not have two clearly opposing sides.
The 10-year yield closed at 7.44%.
The yield opened at 7.42% and eased to close at 7.39%.
The government is scheduled to sell ₹33,000 crore of bonds at its weekly auction.
- 10-year yield
- 7.39% on Thursday
- Daily change
- Down 5 basis points
- Previous close
- 7.44%
- Weekly bond auction
- ₹33,000 crore scheduled for Friday
- 30-year green bond
- ₹3,000 crore scheduled for sale in the auction