Rupee tanks and swaps surge driving India 10 year bond yield back near seven percent

Published on 24 April 2026

A fast rise in swaps is pulling yields up

Indian government bonds extended their selloff as the rupee slid past 95 per dollar and investors priced in higher rates. Surging swaps inflows pushed the 10-year bond yield to around 7%, a level not seen for nearly two years. The move also reflects concern that a prolonged Middle East war could disrupt fiscal plans.

Rupee falls past 95 per dollar alongside bond selling
Swaps activity is intensifying pressure on 10-year yields
10-year bond yield climbs to about 7% for the first time in nearly two years
Middle East war risk is reshaping rate and fiscal expectations

#swaps #interest rates #rupee #bond yields #india

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Rupee tanks and swaps surge driving India 10 year bond yield back near seven percent

The full experience is on mobile.