Actual
7.0910
Daily Change
0.06%
Monthly
0.22%
Yearly
0.61%
Q3 Forecast
7.0567
India 10-Year Government Bond Yield - Summary

The yield on India’s 10-year G-Sec rose to around 7.1%, reaching more than four-month highs, as a sharp selloff in US Treasuries and expectations of further RBI liquidity tightening added to upward pressure on domestic yields. Market participants cited the surge in US yields after stronger economic data revived inflation concerns. Brent crude also climbed back above $100 a barrel, adding to domestic inflation risks and expectations of an RBI rate hike at its October policy meeting. Meanwhile, the RBI has reportedly conducted at least $10 billion in sell-buy FX swaps in recent weeks to drain excess rupee liquidity, while surplus banking liquidity had reached a record INR 11 trillion earlier this month. The central bank’s continued efforts to absorb excess cash are expected to keep domestic borrowing costs elevated.

India 10-Year Government Bond Yield - Stats

The yield on India 10Y Bond Yield rose to 7.09% on September 24, 2026, marking a 0.06 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.24 points and is 0.60 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 September 24 of 2026.

India 10-Year Government Bond Yield - Forecast

The yield on India 10Y Bond Yield rose to 7.09% on September 24, 2026, marking a 0.06 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.24 points and is 0.60 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 7.06 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 6.89 in 12 months time.



Bonds Yield Day Month Year Date
India 10Y 7.09 0.059% 0.219% 0.607% Sep/24
India 52W 5.73 -0.464% -0.059% -0.133% Sep/24
India 2Y 6.27 -0.093% 0.173% 0.463% Sep/24
India 30Y 7.62 0.048% 0.144% 0.443% Sep/24
India 3M 5.41 0.040% 0.150% -0.070% Sep/24
India 3Y 6.65 -0.009% 0.399% 0.729% Sep/24
India 5Y 6.81 0.085% 0.339% 0.559% Sep/24
India 6M 5.84 0.153% 0.305% 0.290% Sep/24
India 7Y 7.08 0.087% 0.380% 0.603% Sep/24



Related Last Previous Unit Reference
India Inflation Rate 4.82 4.44 percent Aug 2026
India Interest Rate 5.25 5.25 percent Aug 2026
India Unemployment Rate 5.00 5.10 percent Aug 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
7.09 7.03 14.76 4.96 1994 - 2026 percent Daily

News Stream
India 10Y Yield Hits 4-Month High
The yield on India’s 10-year G-Sec rose to around 7.1%, reaching more than four-month highs, as a sharp selloff in US Treasuries and expectations of further RBI liquidity tightening added to upward pressure on domestic yields. Market participants cited the surge in US yields after stronger economic data revived inflation concerns. Brent crude also climbed back above $100 a barrel, adding to domestic inflation risks and expectations of an RBI rate hike at its October policy meeting. Meanwhile, the RBI has reportedly conducted at least $10 billion in sell-buy FX swaps in recent weeks to drain excess rupee liquidity, while surplus banking liquidity had reached a record INR 11 trillion earlier this month. The central bank’s continued efforts to absorb excess cash are expected to keep domestic borrowing costs elevated.
2026-09-24
India 10Y Yield Steady as Oil, US Yields Ease
The yield on India’s 10-year G-Sec hovered around 7.0%, trading in a tight range as lower oil prices supported bonds, while firm expectations of an RBI rate hike capped gains. Brent crude fell nearly 10% from last week’s peak to around $98 a barrel as supply flows improved and shipments through the Strait of Hormuz resumed, easing inflation concerns. However, August inflation at 4.82% and the Federal Reserve’s recent rate hike have strengthened expectations of an RBI rate increase at its October 7 meeting. The benchmark 6.94% 2036 yield was at 7.0052%, after ending at 7.0106% Tuesday, down six basis points from Friday. Market participants also digested stronger PMI data, with the Manufacturing PMI rising to 55.7 in September from 52.8 in August, while the Composite PMI climbed to 56.5 from 54.6, marking the fastest private-sector expansion since June.
2026-09-21
India 10Y Yield Extends Losses
The yields on India’s 10-year G-Sec hovered around 7.0%, extending losses for another session as a pullback in crude oil prices eased concerns over imported inflation and the prospect of near-term RBI rate hikes, triggering short-covering after the recent selloff. Brent crude extended its decline after reports of additional Saudi crude cargoes through Oman eased supply concerns, although prices remained above $100 a barrel amid ongoing Middle East tensions. The decline in oil prices also helped ease pressure from expectations of an RBI tightening cycle, with traders widely anticipating a 25-basis-point hike in October. Meanwhile, the RBI’s first INR 50,000 crore OMO sale drew INR 66,590 crore of bids, reflecting strong demand for government debt and helping limit upward pressure on yields despite the central bank accepting bonds at higher-than-prevailing yields. Traders also continued to assess the RBI’s plans to withdraw excess liquidity.
2026-09-16