The yield on India’s 10-year G-Sec rose to around 6.95%, extending gains to a three-week high as elevated oil prices triggered broad-based selling in the debt market. The upward movement in yields came as Brent crude remained elevated near $109 per barrel. Foreign demand has also weakened, as higher currency hedging costs have reduced the effective returns for overseas investors, making Indian debt comparatively less attractive. This has been compounded by a broader global move higher in yields, particularly in US Treasuries, alongside a strengthening dollar environment. Separately, the India–New Zealand Free Trade Agreement adds to the broader macro backdrop, granting India wider duty-free access while phasing tariff cuts. In return, a large share of New Zealand’s exports will gradually enter the Indian market tariff-free, with over half benefiting immediately.

The yield on India 10Y Bond Yield rose to 6.98% on April 28, 2026, marking a 0.03 percentage points increase from the previous session. Over the past month, the yield has fallen by 0.02 points, though it remains 0.64 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 29 of 2026.

The yield on India 10Y Bond Yield rose to 6.98% on April 28, 2026, marking a 0.03 percentage points increase from the previous session. Over the past month, the yield has fallen by 0.02 points, though it remains 0.64 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 6.95 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 6.82 in 12 months time.



Bonds Yield Day Month Year Date
India 10Y 6.98 0.028% -0.021% 0.639% Apr/28
India 52W 5.75 -0.034% -0.231% -0.186% Apr/28
India 2Y 6.13 -0.001% -0.319% 0.109% Apr/28
India 30Y 7.57 0.042% -0.095% 0.794% Apr/28
India 3M 5.24 0.010% -0.120% -0.640% Apr/28
India 3Y 6.43 0.005% -0.002% 0.378% Apr/28
India 5Y 6.73 0.038% -0.272% 0.648% Apr/28
India 6M 5.45 -0.012% -0.114% -0.466% Apr/28
India 7Y 7.04 0% 0.124% 0.894% Apr/28



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
6.98 6.95 14.76 4.96 1994 - 2026 percent Daily

News Stream
India 10Y Yield At 3-Week High
The yield on India’s 10-year G-Sec rose to around 6.95%, extending gains to a three-week high as elevated oil prices triggered broad-based selling in the debt market. The upward movement in yields came as Brent crude remained elevated near $109 per barrel. Foreign demand has also weakened, as higher currency hedging costs have reduced the effective returns for overseas investors, making Indian debt comparatively less attractive. This has been compounded by a broader global move higher in yields, particularly in US Treasuries, alongside a strengthening dollar environment. Separately, the India–New Zealand Free Trade Agreement adds to the broader macro backdrop, granting India wider duty-free access while phasing tariff cuts. In return, a large share of New Zealand’s exports will gradually enter the Indian market tariff-free, with over half benefiting immediately.
2026-04-27
India 10Y Yield Rises to 2-Week High
The yield on India’s 10-year G-Sec rose to around 6.97%, extending gains to a two-week high as global risk sentiment weakened and energy markets remained volatile. Global crude prices extended their advance for a fifth straight session, with Brent crude climbing above $105.50 a barrel, as uncertainty over stalled US–Iran negotiations kept supply risks elevated. The oil surge has reinforced inflation concerns and pressured sovereign debt markets, pushing global bond yields higher. US Treasury yields have also risen alongside a stronger dollar, as investors shift to safer assets amid worsening geopolitical conditions. However, the upside in yields was partly tempered by sustained foreign portfolio outflows from Indian equities, with cumulative withdrawals earlier this month briefly exceeding last year’s record annual exit of $18.79 billion.
2026-04-24
India 10Y Yield Steady on Oil, Growth Risks
The yield on India’s 10-year G-Sec rose to around 6.9%, extending gains from the previous session as bond markets came under pressure amid worsening external conditions. Yields moved higher after stalled negotiations between the United States and Iran failed to ease geopolitical tensions, while ongoing disruptions in the Strait of Hormuz kept energy markets volatile and inflation expectations elevated. Brent crude oil rose about 1% to around $103 a barrel, extending gains for a fourth straight session as talks remained stalled. Despite US President Donald Trump’s assurance that the ceasefire is indefinite, markets remained cautious with no concrete progress in negotiations. Separately, domestic data showed resilient economic momentum. The India Manufacturing PMI rose to 55.9 in April 2026 from 53.9 in March, while the Composite PMI increased to 58.3 from 57.0, pointing to broad-based expansion and sustained growth well above long-term averages despite global uncertainty.
2026-04-22