The yield on India’s 10-year G-Sec hovered around 6.9%, edging lower amid renewed buying interest as softer crude prices eased concerns over inflation and fiscal pressure. Sentiment improved after oil retreated on hopes of renewed US–Iran diplomatic engagement, even as uncertainty persisted over the Strait of Hormuz and the durability of the ceasefire approaching its expiry. Downward pressure was supported by expectations that lower energy costs could ease India’s import burden and improve macro stability. However, further declines were limited as volatile oil prices kept inflation risks in focus. Foreign investor outflows persisted, though at a slower pace, with positioning remaining highly sensitive to shifts in crude and geopolitical developments. Overall, yields are expected to remain range-bound within 6.85%–7.00%, as markets look to the Reserve Bank of India’s policy minutes for clearer signals on the inflation-growth outlook.

The yield on India 10Y Bond Yield eased to 6.90% on April 20, 2026, marking a 0.02 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.05 points and is 0.55 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the India 10-Year Government Bond Yield reached an all time high of 14.76 in April of 1996. India 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on April 21 of 2026.

The yield on India 10Y Bond Yield eased to 6.90% on April 20, 2026, marking a 0.02 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.05 points and is 0.55 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The India 10-Year Government Bond Yield is expected to trade at 6.88 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.76 in 12 months time.



Bonds Yield Day Month Year Date
India 10Y 6.90 -0.016% 0.051% 0.552% Apr/20
India 52W 5.68 0.116% -0.143% -0.308% Apr/20
India 2Y 6.02 0.051% -0.239% 0.040% Apr/20
India 30Y 7.50 -0.019% -0.127% 0.695% Apr/20
India 3M 5.10 -0.050% -0.200% -0.800% Apr/20
India 3Y 6.30 0.028% 0.069% 0.269% Apr/20
India 5Y 6.58 -0.015% -0.133% 0.500% Apr/20
India 6M 5.41 -0.001% -0.095% -0.575% Apr/20
India 7Y 6.88 -0.054% 0.059% 0.736% Apr/20



Related Last Previous Unit Reference
India Inflation Rate 3.40 3.21 percent Mar 2026
India Interest Rate 5.25 5.25 percent Apr 2026
India Unemployment Rate 5.10 4.90 percent Mar 2026

India 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
6.90 6.91 14.76 4.96 1994 - 2026 percent Daily

News Stream
India 10Y Yield Edges Lower
The yield on India’s 10-year G-Sec hovered around 6.9%, edging lower amid renewed buying interest as softer crude prices eased concerns over inflation and fiscal pressure. Sentiment improved after oil retreated on hopes of renewed US–Iran diplomatic engagement, even as uncertainty persisted over the Strait of Hormuz and the durability of the ceasefire approaching its expiry. Downward pressure was supported by expectations that lower energy costs could ease India’s import burden and improve macro stability. However, further declines were limited as volatile oil prices kept inflation risks in focus. Foreign investor outflows persisted, though at a slower pace, with positioning remaining highly sensitive to shifts in crude and geopolitical developments. Overall, yields are expected to remain range-bound within 6.85%–7.00%, as markets look to the Reserve Bank of India’s policy minutes for clearer signals on the inflation-growth outlook.
2026-04-20
India 10Y Yield Pauses Losses
The yield on India’s 10-year G-Sec hovered around 6.9%, pausing its recent decline after briefly touching a three-week low, as investors reassessed risks tied to global developments and upcoming domestic supply. Concerns over the US–Iran conflict remained a key overhang, even as reports indicated that the two sides are considering a short-term extension of their ceasefire to allow more time for negotiations. Crude oil prices, with Brent holding near $95 per barrel, added to the cautious tone. Elevated energy costs remain a key concern for India given its heavy reliance on imports, with higher oil prices historically feeding into both inflation expectations and pressure on bond yields and the currency. At the same time, traders positioned ahead of a fresh government debt auction scheduled for Friday, where New Delhi plans to raise INR 320 billion through sales of five- and 40-year securities, adding to near-term supply pressure in the market.
2026-04-15
India 10Y Yield Rises on Oil Spike
The yield on India’s 10-year G-Sec rose to around 6.9%, extending gains from the previous week as a sharp rise in oil prices and renewed geopolitical tensions triggered broad-based selling in domestic bond markets. Sentiment weakened after Brent crude jumped over 7% to $102.2 per barrel, following the US move to begin a blockade of all maritime traffic entering and exiting Iranian ports after weekend talks failed to reach a peace deal, raising fears of renewed supply disruptions through the Strait of Hormuz. The selloff was further amplified by foreign portfolio outflows, with overseas investors continuing to trim exposure to local debt amid uncertainty over growth and inflation dynamics. Traders now expect the benchmark yield to trade in a 6.85%–7.00% range, as markets remain closely attuned to oil price movements, capital flows, and evolving geopolitical risks. Debt markets will be closed on April 14 and will resume trading the following day.
2026-04-13