Indian bond yields hit multi-year highs as rupee sinks
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India's 10-year bond yield reached 7.13%, the highest since May 2024, while the 5-year yield hit 6.934%, indicating rising borrowing costs. The rupee fell to an all-time low of 96.35 per U.S. dollar, making it one of the worst-performing currencies globally. Contributing factors include high oil prices, elevated U.S. Treasury yields, and tensions in the Middle East, which are increasing inflation risks and straining India's fiscal outlook.
Source: MSN The copyright of this article belongs to the original author/organization.
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