Weekly Updates
Will slowing GDP growth trigger early rate cuts by the RBI?
The 10-year 2034 G-Sec yield remained stable at 6.87%, while FPI inflows supported the market in August 2024. US Treasury yields rose, with potential rate cuts by the Fed boosting gold demand and moderating inflation concerns.
Dated 6 Sept 2024
By Sambit Roy
Lower Domestic Inflation Expectation Would Drive Gsec Yields Further Lower
India's 10-year Gsec yields closed at 6.87%, down 5 bps for the week. RBI keeps rates unchanged as forex reserves hit a record USD 675 billion, while US 10-year yields jump to 3.94% amid cooling recession fears.