# India's 10-Year Bond Posts Best Week in 7 Years

> India's 10-year bond yield drops 22 bps weekly, leading emerging Asia as oil prices fall 17%.
- Title: India's 10-Year Bond Posts Best Week in 7 Years | Shortify
- Summary: India's 10-year bond yield drops 22 bps weekly, leading emerging Asia as oil prices fall 17%.
- Keywords: india, 10-year bond, emerging asia, oil prices, us midterms, reserve bank of india, treasury yields, crude oil, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/bonds/indias-10-year-bond-posts-best-week-in-7-years-leads-emerging-asia-as-oil-slides/articleshow/135606792.cms
- Author: Reuters
- Published: 2026-11-06T12:02:00+00:00
- Read time: 1 min
- Topics: india, 10-year bond, emerging asia, oil prices, us midterms, reserve bank of india, treasury yields, crude oil, money, business
## Indian government bonds outperform
Indian government bonds outperformed emerging Asian peers this week, with the benchmark 10-year yield posting its steepest weekly drop since October 2019.
## US election impacts oil prices
The election outcome rekindled hopes for a resolution to the Iran war, sending oil prices down 17% for the week, their sharpest slide since April 2020.
## Cheaper crude benefits India
For India, the world's third-largest oil importer and consumer, cheaper crude can curb inflation and reduce pressure on government finances.
## Rupee strengthens
It has also lifted the rupee, which strengthened past 94 per dollar on Friday and gained 1.1% over the week, easing pressure on the Reserve Bank of India to defend the currency.
## Bond yield details
The yield on the benchmark 6.94% 2036 bond settled at 7.1898%, 2 basis points higher on the day but down 22 bps for the week, marking its strongest weekly showing since October 2019.
## Foreign investment surge
Foreign investors also returned, buying nearly 52 billion rupees (about $552 million) of Indian bonds, their largest weekly net purchase since July.
## RBI policy expectations shift
The collapse in crude has rapidly rewired expectations for RBI policy, blunting the case for front-loaded tightening with overnight indexed swap rates now pricing 50 to 75 basis points of rate increases.
## Key takeaway

India's 10-year bond yield fell 22 basis points this week, its strongest performance in 7 years, as oil prices dropped 17% following US midterm election results.