Indian Rupee Hits Historic Low as Bond Yields Rise to One-Year High

MaticHoleFiller · 2026-03-24T13:35:03+00:00

Due to escalating tensions between the United States and Iran and declining risk appetite in the market, the Indian rupee declined and bond prices fell, with the US dollar reaching a historic high against the rupee, while the Indian 10-year government bond yield rose to 6.8%.

MaticHoleFiller

2026-03-24 13:35:03

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Due to the escalation of tensions between the United States and Iran and the deterioration of market risk appetite, the Indian rupee and bond prices declined. The US dollar against the rupee rose 0.2% to a record high of 93.8775. The 10-year Indian government bond yield increased by 6 basis points to 6.8%, the highest level since January 15, 2025.

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Editor: Wang Yongsheng

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