India bonds dip as RBI's diaspora swap move dents sentiment - The Economic Times Benchmarks Nifty24,338.05-27.96FEATURED
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News›Markets›Bonds›India bonds dip as RBI's diaspora swap move dents sentiment Powered By The
Economic Times daily newspaper is available online now. Read Today's Paper India bonds dip as RBI's diaspora swap move
dents sentimentSECTIONSIndia bonds dip as RBI's diaspora swap move dents sentimentReutersLast Updated: Aug 17, 2026,
01:56:00 PM ISTRate StoryFollow usShareFont SizeAbcSmallAbcMediumAbcLargeSavePrintCommentSynopsisEarly Monday saw a dip
in demand for Indian government bonds following the RBI's closure of its swap window. This decision caused the benchmark
bond yield to surge, hindering a crucial source of demand. Inflows exceeding $52 billion resulted in foreign exchange
reserves hitting a four-month peak. Additionally, the surplus of banking system liquidity saw a threefold increase,
while swap rates escalated.AgenciesDemand for Indian government bonds weakened early on Monday after the Reserve Bank of
India unexpectedly closed its concessional swap window for foreign-currency deposits ahead of schedule, cutting a key
source of demand for bond purchases.The yield on the benchmark 6.94% 2036 bond jumped 3.5 basis points to 6.7909%
by 10:45 a.m. IST. Bond yields move inversely to prices.Still, traders said the 10-year yield was unlikely to rise
above 6.80%, with value buyers protecting 6.7950%.Bonds Corner Powered By India bonds dip as RBI's diaspora swap move
dents sentimentEarly Monday saw a dip in demand for Indian government bonds following the RBI's closure of its swap
window. This decision caused the benchmark bond yield to surge, hindering a crucial source of demand. Inflows exceeding
$52 billion resulted in foreign exchange reserves hitting a four-month peak. Additionally, the surplus of banking system
liquidity saw a threefold increase, while swap rates escalated.ETMarkets Smart Talk | Dhawal Dalal’s fixed-income
playbook: Stagger bond bets, favour AAA debtBonds face a bigger threat than the Fed as global rates climbSebi broadens
scope of online bond platforms, permits IFSCA-regulated products and tax-saving bondsIndia's green bonds find footing as
stable 'greenium' underscores investor appetite Browse all Bonds News with The RBI on Friday advanced the deadline
for banks to access its concessional forex swap facility for hedging diaspora foreign-currency deposits, after inflows
surpassed $52 billion. Lenders now have until August 31 to use the zero-cost hedging facility.The swap facility
was part of a broader package of measures announced in June to bolster India's balance of payments. The inflows
have also helped lift India's foreign-exchange reserves to a four-month high of $707 billion as of August 7.Live
EventsIndia's banking-system liquidity surplus has also tripled to 3.1 trillion rupees in August from nearly 1
trillion rupees in July."Most FCNR(B) inflows had gone into four- to six-year bonds, which could face strong selling
pressure because of the early closure of the swap window," a private-bank trader said.Brent crude also edged higher
in Asian trade, nearing $90 a barrel as uncertainty over U.S.-Iran peace talks persisted and tanker traffic
through the Strait of Hormuz remained disrupted.Traders now await minutes of the RBI's August monetary policy
decision due on Wednesday for fresh cues.RATESIndia's overnight index swap rates rose sharply after the early closure
of the swap window, which also amplified selling in bonds, traders said.The one-year swap rose 5 bps to 5.78%, the
two-year rate was up 6.25 bps at 5.9850%, and the five-year rate gained 7.75 bps to 6.3250%.Add as a Reliable and
Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel)Read More News onIndia
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