3 Comments
User's avatar
sagar kandekar's avatar

A falling rupee is adding pressure on bond yields?

Expand full comment
Kashish Kapoor's avatar

A falling rupee hurts bond yields in many ways

- It makes it less attractive for foreign investors to stay put without demanding higher returns

- It widens the govt’s deficit by making imports (like oil) costlier, which means more bond supply and higher yields

- It stokes inflation through expensive imports, forcing investors to ask for a bigger cushion and the RBI to stay hawkish

All of this piles pressure on yields.

Expand full comment