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-1,128.00SENSEX 74,746.03
-156.56NIFTY 23,396.55
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-302.00Central bank’s decision to limit bond sales amid rising yields signals potential shifts in monetary policy, as geopolitical tensions and U.S. economic data influence global market dynamics.
By Reuters
Here are some more details:
* Reserve Bank of India accepted bids worth only ₹4506 crore ($471.12 million) for the 6.20% 2029 bond, just over 40% of the planned borrowing in the paper of 110 billion rupees.
* RBI sold seven-year bond at slightly higher-than-expected yield, while a new 30-year paper was auctioned at a cutoff yield that was in line with estimates.
* The three-year or 6.20% 2029 bond yield was dealt at 6.4566%, up 25 basis points in last four weeks since it was issued; Reuters poll had pegged cutoff at 6.45%.
* “This could be a strong signal that market is factoring in overly aggressive pessimism in terms of interest rate expectations and could help soothe sentiment for the day,” trader with a state-run bank says.
* “Had they gone for the complete target, yield could have tested the territory of 6.50%,” the trader added.
* Fresh military escalation in the Middle East has pushed oil prices higher, heaping upward pressure on yields that have been rising in recent weeks.
* Latest U.S. economic data strengthened bets of a Federal Reserve rate hike next, week pushing 10-year Treasury yield to cusp of 5%.
* RBI had last canceled auction of a security in October 2025 as investors demanded much higher yields.
Published on September 11, 2026
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