India’s rupee and equity markets experienced significant surges following a US-India trade deal that reduced tariffs. The Nifty and Sensex saw substantial intraday gains, while the rupee appreciated, though the central bank intervened to moderate its rise. This agreement is expected to boost foreign investment and improve India’s growth outlook.
10-year yield seen slipping to 6.64% as Fed bets ease
Indian government bonds may see further gains as US jobs data eases rate hike concerns. The potential inclusion of Indian sovereign bonds in a major
July 8, 2026