loading
loading
Yield on the 10-year benchmark security, used to price mortgages, other retail loans and commercial advances, rose to its highest since March 2023, after having hit a high of 7.40% intraday, up from 7.30% Friday. Read more: Jubilant Pharmova block deal: Quant Mutual Fund offloads Rs 190 crore stake amid Rs 800 crore fundraising plan; Abakkus buys 11 lakh shares In a significant financial shift, India's government bond yields have hit a three-and-a-half-year high of 7.39%, primarily due to the central bank's strategy to minimize liquidity. Over the past month, the yield on the 10-year benchmark has surged by 38 basis points. The Reserve Bank of India plans a bond sale of ₹25,000 crore this Tuesday while also raising the cash reserve ratio to 99%, effective from mid-October. The 10-year yield has surged more than 5%, or 38 basis points, over the past one month, investing.com data showed. Read more: Polycab India’s F&O exit: NSE sets December 30 deadline; NCLAT stays insolvency order The RBI will sell ₹25,000 crore of bonds through an OMO auction on Tuesday. On Friday, RBI raised the minimum daily cash reserve ratio maintenance requirement to 99% from 90%, effective mid-October. It followed it up with restrictions forward dollar purchases imposing a 20% cash reserve requirement on forex derivative contracts above $2 million. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-10-13 02:57