India’s 10-Year Benchmark Bond Yield Rises to 6.7274% from 6.7245% Market Context Explained

The 10-year benchmark government bond yield (IN064835G=CC) edged higher to 6.7274% on February 3, 2026, marking a modest increase from the previous close of 6.7245%. The movement highlights investor caution as markets await signals from the Reserve Bank of India’s policy review and monitor global interest rate trends.

Analysts suggest that the rise reflects a balancing act between strong domestic liquidity and concerns over inflationary pressures. With global yields showing volatility, Indian bond markets remain sensitive to foreign capital flows and fiscal developments.

The benchmark yield serves as a key indicator for borrowing costs across the economy, influencing corporate debt pricing and government financing strategies.

Key Highlights

• Current Yield: 10-year benchmark at 6.7274%.
• Previous Close: 6.7245%.
• Market Sentiment: Cautious ahead of RBI policy review.
• Global Context: Volatility in international yields impacting flows.
• Economic Impact: Benchmark yield guides borrowing costs and fiscal planning.

Sources: Reuters, Reserve Bank of India Data