Actual
7.4400
Daily Change
-0.05%
Monthly
0.27%
Yearly
0.91%
Q4 Forecast
7.4319
India 10-Year Government Bond Yield - Summary

India's 10-year government bond yield stood at 7.47%, remaining near its highest level since March 2023 as high oil prices and expectations of further monetary tightening weighed on bonds. Brent crude remained elevated at around USD 115.50 a barrel after an attack on a Saudi refinery revived Middle East supply concerns, keeping inflation risks high for India, which imports nearly 90% of its oil needs. Additionally, persistently high energy costs could strain public finances and worsen the country's external balance. At the same time, the US 10-year Treasury yield rose above 5%, narrowing the yield premium on Indian debt and reducing its relative appeal. Domestic rate expectations have also hardened, with markets pricing in nearly 125 basis points of hikes over the next 12 months. Tighter domestic liquidity has added to selling pressure on government bonds. Investors now await Wednesday's Federal Reserve decision for signals on the US rate outlook and global bond yields.

India 10-Year Government Bond Yield - Stats

The yield on India 10Y Bond Yield eased to 7.44% on October 28, 2026, marking a 0.05 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.27 points and is 0.91 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 October 28 of 2026.

India 10-Year Government Bond Yield - Forecast

The yield on India 10Y Bond Yield eased to 7.44% on October 28, 2026, marking a 0.05 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.27 points and is 0.91 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 7.43 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 7.28 in 12 months time.



Bonds Yield Day Month Year Date
India 10Y 7.44 -0.047% 0.266% 0.907% Oct/28
India 52W 6.87 0.191% 0.696% 1.018% Oct/28
India 2Y 6.96 0.087% 0.391% 1.237% Oct/28
India 30Y 7.89 0.008% 0.225% 0.723% Oct/28
India 3M 5.80 0.030% 0.400% 0.370% Oct/28
India 3Y 7.11 0.245% 0.368% 1.269% Oct/28
India 5Y 7.34 -0.036% 0.469% 1.171% Oct/28
India 6M 6.40 0.137% 0.536% 0.824% Oct/28
India 7Y 7.43 0.023% 0.297% 0.950% Oct/28



Related Last Previous Unit Reference
India Inflation Rate 5.54 4.83 percent Sep 2026
India Interest Rate 5.50 5.25 percent Oct 2026
India Unemployment Rate 5.00 5.00 percent Sep 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
7.44 7.49 14.76 4.96 1994 - 2026 percent Daily

News Stream
India 10Y Yield Remains Near Over 3-Year High
India's 10-year government bond yield stood at 7.47%, remaining near its highest level since March 2023 as high oil prices and expectations of further monetary tightening weighed on bonds. Brent crude remained elevated at around USD 115.50 a barrel after an attack on a Saudi refinery revived Middle East supply concerns, keeping inflation risks high for India, which imports nearly 90% of its oil needs. Additionally, persistently high energy costs could strain public finances and worsen the country's external balance. At the same time, the US 10-year Treasury yield rose above 5%, narrowing the yield premium on Indian debt and reducing its relative appeal. Domestic rate expectations have also hardened, with markets pricing in nearly 125 basis points of hikes over the next 12 months. Tighter domestic liquidity has added to selling pressure on government bonds. Investors now await Wednesday's Federal Reserve decision for signals on the US rate outlook and global bond yields.
2026-10-26
India 10Y Yield Extends Gains as Oil Prices Surge
The yield on India’s 10-year G-Sec edged higher to around 7.46%, extending gains for another session as surging oil prices weighed on investor sentiment, while falling U.S. Treasury yields limited the increase. Brent crude climbed above USD 114 a barrel to a five-month high following Houthi attacks on Saudi Arabia, raising concerns over supply disruptions. As India imports nearly 90% of its oil requirements, sustained price increases threaten to widen the import bill, fuel inflation, pressure the rupee, and weaken public finances. Meanwhile, investors remained cautious ahead of a INR 330 billion government debt sale, keeping demand subdued. The benchmark 6.94% 2036 bond yield rose, nearing the 7.50% level. However, U.S. Treasury yields fell below 5% amid weaker economic data, an equity selloff, and concerns over the returns on AI spending and its growth implications.
2026-10-23
India 10Y Yield Hits 3-Year High on RBI Tightening Signals
The yield on India’s 10-year G-Sec rose to 7.45%, reaching its highest level since March 2023, as minutes from the Reserve Bank of India’s latest monetary policy meeting reinforced expectations of further interest rate hikes to curb inflation. Policymakers flagged increasing signs of broadening price pressures amid elevated crude oil prices and rising food costs following deficient monsoon rainfall, with September retail inflation accelerating to 5.54%, nearing the RBI’s 6% tolerance ceiling. Markets have priced in slightly more than 100 basis points of rate hikes over the next 12 months, although policymakers cautioned that overly aggressive tightening could weigh on economic growth. Brent crude remained above $110 a barrel amid escalating Middle East tensions, adding to inflation concerns and keeping yields elevated. The persistent bond selloff following the RBI’s recent 25-basis-point repo rate hike to 5.50% and shift to a “calibrated tightening” stance further dampened demand.
2026-10-21