Indian bond yields climbed unexpectedly despite a recent Reserve Bank of India rate cut. This surge was driven by a record borrowing plan from Indian states and foreign investor selling. Long-term debt funds experienced a negative impact as bond prices fell. Investors are now advised to adopt a barbell strategy to optimize returns in the current market.
Budget 2026: Why market may shift from broad rallies to stock-specific bets
A key shift we expect is transition in policy emphasis from stimulating consumption to enabling production, reflecting a broader economic pivot from a ‘Buy India’