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India's benchmark bond breaks 4-day falling streak as value investors return
MUMBAI: Indian government bonds snapped a four-session falling streak on Tuesday, after the yield rising to a three-year high attracted investors back to the market. A policy rate hike and liquidity withdrawal by the central bank had pushed the benchmark bond yield up by 20 basis points over four sessions. The 6.94% 2036 bond ended at 7.3655% against 7.3857% in the previous session. The rupee outperformed its regional peers and ended 0.5% up against the dollar at 95.28, boosted by new central bank measures to alleviate pressure on the Asian currency and likely spot market intervention that mag...
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