Indian bonds experienced a decline on Wednesday. This downturn was influenced by the Reserve Bank of India’s strategy to reduce liquidity. Weakness in U.S. Treasury bonds also contributed. The yield on the benchmark 10-year bond increased. The RBI plans a two-day variable rate reverse repo. Market awaits clarity on a potential U.S.-India trade deal.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets