{
  "id": 15990417,
  "title": "Govt bond selloff to continue as RBI policy minutes hint at more rate hikes",
  "url": "https://urgent.news/2026/10/22/govt-bond-selloff-to-continue-as-rbi-policy-minutes-hint-at-more-rate",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T02:22:17.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/govt-bond-selloff-to-continue-as-rbi-policy-minutes-hint-at-more-rate-hikes/article71609906.ece"
  },
  "original_language": "en",
  "account": "Indian government bonds are expected to decline further on Thursday, as minutes from the latest monetary policy meeting suggest the rate-setting panel may need to raise interest rates further to combat inflation. The benchmark 6.94% 2036 bond yield could trade between 7.40% and 7.47% after closing at 7.4427% the previous day. The Reserve Bank of India increased the repo rate by 25 basis points to 5.50% in early April, its first hike in nearly four years, and shifted its stance to \"calibrated tightening\" from \"neutral,\" signaling more rate hikes to come. Inflation concerns have been exacerbated by a sharp rise in oil prices due to the Middle East conflict and a deficient monsoon season, which has led to higher food prices. Analysts at Yes Bank predict the RBI may continue tightening, with a base case of a 50 basis point increase in policy rates, 25 basis points each in December and February. As India imports nearly 90% of its energy needs, rising energy prices could further fuel inflation, affect the rupee, and strain government finances. The 1-year OIS rate rose 6 basis points to 6.59%, while the 2-year and 5-year rates increased by 5 and 6 basis points to 6.66% and 6.84%, respectively.",
  "summary": "Benchmark 6.94% 2036 bond yield may trade between 7.40% and 7.47%, trader at a primary dealership says",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}