India Bonds Mein Tezi: Girte Hue Tel Dam Aur RBI Ka Support

India mein bond yields kam ho rahe hain kyunki crude oil ki prices gir rahi hain aur rupee mazboot ho raha hai. Reserve Bank of India (RBI) ke liquidity measures bhi market ko stabilize karne mein aham role play kar rahe hain.

Tel Ki Prices Aur Rupee Ki Mazbooti Ne Bonds Ko Boost Kiya

Benchmark 10-year Indian bond yield gir kar 7.04% ho gaya, jo pichhle session mein 7.07% tha. Yeh girawat, jo bond prices mein izafa dikhati hai, 5% overnight decline in Brent crude prices ki wajah se hai, jo potential peace deal talks ki khabron par $105 per barrel ke aas-paas the. Global markets mein bhi yields mein thodi ease dekhi gayi, US 10-year Treasury 4.6% ke neeche gir gaya, jo kam inflation ki concerns ko darshata hai.

Indian rupee mazboot hua, 52 paise badh kar 96.30 per US dollar trade kar raha hai, jisne 8-session ki girawat ko rok diya. Is recovery ke bawajood, rupee ne saal-dar-saal ab tak lagbhag 7% ka nuksan jhela hai. Mazboot rupee imported inflation ko kam karne mein madad karta hai, jo bond yields ke liye positive hai.

RBI Ki Liquidity Injection Se Mila Aur Support

Domestic financial conditions ko boost karne ke liye, RBI ne May 26th ko $5 billion ka buy-sell swap auction announce kiya hai. Iska maksad banking system mein rupee liquidity inject karna hai. History mein, RBI ki liquidity injections ne bond yields ko stabilize karne mein madad ki hai, jaise ki February 2025 aur December 2025 mein jab aise hi measures ne yields mein girawat laayi thi.

India ke 10-year government bond yield ne haal hi mein upar ki taraf pressure dekha hai, kabhi 7% ko paar kar jaata hai, global risks aur inflation ki chintaon ke karan. May 20, 2026 ko current yield 7.0761% hai, jo haal hi ke highs se thodi si kami hai. US aur Indian 10-year government bond yields ke beech spread abhi lagbhag -243.7 basis points hai, jisme US yields kam hain.

Positive Sentiment Ke Bawajood Risk Bana Hua Hai

Girte hue tel damon aur RBI ki liquidity measures ke positive asar ke bawajood, risks abhi bhi hain. Geopolitical uncertainties se tel prices mein phir se izafa ho sakta hai, jo inflation ko badha sakta hai aur bond yields par upar ki taraf pressure dal sakta hai. Jabki rupee recover hua hai, iske saal-dar-saal ke bade nuksan iski underlying vulnerabilities ko darshate hain. US Treasury yields aur foreign portfolio investor flows mein fluctuations bhi risks paida karte hain. Ek volatile dollar aur badhte geopolitical risks debt outflows ko badha sakte hain, jisse yields aur upar ja sakte hain.

Future Yield Expectations

Aage dekhte hue, 10-year Indian government bond yield is quarter ke end tak lagbhag 7.07% par trade hone ki ummeed hai aur 12 mahine mein 6.92% tak pahunchne ka anuman hai. Future yield movements RBI ki liquidity management, global oil prices, aur broader economic environment par nirbhar karenge. Analysts ko Indian bonds mein foreign investor allocations mein izafa hone ki ummeed hai.