India 10-Year Government Bond Yield Holds Steady at 6.53% Amid Market Watchfulness

On November 18, 2025, the yield on India’s 10-year government bond remained largely stable at approximately 6.53%, showing little change from the prior session. This bond, a critical indicator for long-term interest rates, signals steady investor sentiment as markets await the Reserve Bank of India’s next monetary policy steps.

The RBI has resumed government bond purchases after a six-month suspension, reinforcing market expectations of continued support. The stable yield suggests balanced demand-supply dynamics amid subdued inflation data. While headline retail inflation has fallen to historic lows, core inflation pressures persist, limiting expectations for immediate rate cuts.

Market participants are also closely watching upcoming economic data and geopolitical developments that may impact bond market dynamics. Foreign investment flows into Indian bonds have shown resilience, further supporting the yield stability.

Key Highlights

India 10-year government bond yield opened at 6.5276%, almost unchanged from 6.5258% previous close.​

RBI’s resumed bond purchases strengthen market support and investor confidence.​

Retail inflation hit a record low, but core inflation remains elevated, influencing yield expectations.​

Traders anticipate RBI’s policy decisions amid subdued inflation and global economic factors.​

Foreign inflows into Indian debt markets continue to back yield stability.​

Sources: Trading Economics, RBI reports, Economic Times, industry analyses