India bonds slip as rupee slide blunts RBI bond-buy positivity
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Indian government bonds fell as the rupee hit a record low, raising concerns about the effectiveness of the central bank's bond-buying measures. The 10-year bond yield rose to 6.7141%, reflecting market worries over liquidity and government borrowing. The RBI plans to inject over $23 billion to support liquidity, but traders fear that high government borrowing could overwhelm demand. Additionally, New Delhi will sell more bonds to raise 320 billion rupees, putting further pressure on the market.
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