RBI’s foreign exchange curbs are triggering a profit-taking cycle in India’s government bond market. As hedging costs surged to 12-year highs, overseas investors reportedly pulled out ₹222 billion, pushing the benchmark 10-year yield to 7.15%. The move has lifted borrowing costs to a two-year high, amplifying pressure on fixed-income sentiment.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
