Indian government bonds slide for sixth consecutive week as global rates surge

Indian government bonds have declined for the sixth straight week as global borrowing rates escalate and crude oil prices climb. The 10-year bond yield has reached a four-month peak, prompting investor concerns despite robust liquidity supporting the bonds.

Market participants are positioning for a potential interest rate increase by the Reserve Bank of India. Most analysts expect a rate hike at the central bank's next policy meeting as inflationary pressures mount globally and domestically.