SEO Description: The Reserve Bank of India (RBI) has shifted its stance to "calibrated tightening," which has led to higher benchmark bond yields. As crude oil prices remain above $100 per barrel, the combination of elevated global yields and the prospect of further RBI rate hikes is likely to keep the 10-year yield elevated.
The Indian bond market is currently assessing the extent of the RBI's tightening cycle that is already priced in.
On October 7, the RBI raised the repo rate by 25 basis points to 5.5%, marking the first rate hike in four years.
The benchmark 10-year yield rose by 5 basis points, reaching a near three-year high of 7.24% as the market reacts to the Federal Reserve's latest meeting minutes.
The Sensex and Nifty indices experienced a decline, while the Indian rupee weakened against the US dollar.
Source:
{
"source": "Al Jazeera",
"source_url": "https://www.aljazeera.com/news/2021/10/07/rbi-rate-hike-impact-domestic-bond-market.json
}
Indian financial markets experienced a mixed reaction to the Reserve Bank of India's (RBI) decision to raise the repo rate by 25 basis points to 5.5%, marking the first rate hike in four years.
The benchmark 10-year yield rose by 5 basis points, reaching a near three-year high of 7.24%, as the market reacts to the Federal Reserve's latest meeting minutes.
The Sensex and Nifty indices experienced a decline, while the Indian rupee weakened against the US dollar.
The Indian bond market is currently assessing the extent of the RBI's tightening cycle that is already priced in.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.
The Indian government is closely monitoring the impact of the RBI's rate hike on the economy.