Indian government bonds experienced a rise on Monday, recovering from last week’s decline, spurred by U.S. Federal Reserve Chair’s indication of a potential interest rate cut next month. The benchmark 10-year bond yield is currently at 6.5422%. Market concerns persist regarding proposed Goods and Services Tax (GST) cuts, potentially leading to fiscal slippage and increased government borrowing.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets