India's government bonds suffered a ninth consecutive weekly loss, with T-bill yields hitting 18-month highs, as the RBI aggressively tightened liquidity to combat inflation.
7.39%
10-Year Bond Yield
Oct 15, 2026: 7.389%→7.39%
📊 One chart explains it
India 10-Year Government Bond Yield (%)
Takeaway: India's 10-year government bond yield has steadily increased, reaching a 3-year high of 7.39% amid RBI's liquidity tightening measures.
⏳ Time Machine
How today’s news fits into the bigger picture
November 2022
T-Bill Premiums Hit Record Highs
The premium of T-bill yields over the RBI's repo rate last touched levels similar to today, indicating periods of significant monetary tightening by the central bank.
March 2023
10-Year Bond Yield at Similar Levels
The benchmark 10-year government bond yield previously hit levels around today's highs in March 2023, reflecting earlier periods of market concern and rising interest rates.
October 7, 2026
RBI Hikes Repo Rate to 5.50%
The RBI's Committee (MPC) increased the policy repo rate by 25 basis points to 5.50%, signaling a shift towards tighter monetary policy.
October 8, 2026
VRRR Auction Absorbs ₹2 Lakh Crore
The RBI conducted a 29-day Variable Rate Reverse Repo (VRRR) auction, absorbing ₹2 lakh crore from the banking system to manage surplus liquidity.
October 14, 2026
T-Bill Yields Reach 18-Month Highs
Yields on 182-day and 364-day Treasury Bills rose to 6.29% and 6.49% respectively, marking their highest levels in 18 months at the weekly auction.
Today
Indian government bonds recorded their ninth consecutive weekly loss as RBI's liquidity tightening pushed T-bill yields to 18-month highs.
What happens next?
The RBI is expected to continue its hawkish stance, potentially leading to further rate hikes if inflation remains high, with ongoing liquidity operations impacting market rates.
Indian government bonds have recorded their ninth straight weekly loss, reflecting the Reserve Bank of India's (RBI) aggressive measures to manage liquidity and curb inflation. The benchmark 10-year government bond yield rose to 7.39% today, marking a three-year high, while 182-day and 364-day Treasury Bill (T-bill) yields surged to 18-month highs at 6.29% and 6.49% respectively. These actions, including a recent repo rate hike to 5.50% and increased daily Cash Reserve Ratio (CRR) requirements, aim to absorb surplus funds and stabilize the rupee amidst global economic pressures.
💭 If you're wondering…
The CRR is the portion of a bank's deposits that it must keep with the RBI. Increasing the CRR absorbs excess liquidity from the banking system, reducing the money available for lending and helping to control inflation.
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