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Rupee, bonds witness sell-off as crude oil, US Treasury yields rise

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Rupee, bonds witness sell-off as crude oil, US Treasury yields rise

Home / Economy / News / Rupee, bonds witness sell-off as crude oil, US Treasury yields rise

The rupee settled at 95.96 per dollar, while the benchmark 10-year government bond yield rose 6 basis points to 7.11 per cent, its highest level since May 21

Rising crude oil prices and US Treasury yields pressured the rupee and government bonds on Thursday. (Representative Image)

Anjali Kumari Mumbai 3 min read Last Updated : Sep 24 2026 | 9:05 PM IST

The rupee and government bonds on Thursday came under pressure as a sharp rise in the prices of crude oil and United States (US) Treasury yields dampened market sentiment over inflation risks and expectations of higher global interest rates, according to dealers.

The rupee fell 0.23 per cent to settle at 95.96 a dollar, its lowest level in a week, while the yield on the benchmark 10-year government bond rose by 6 basis points to end at 7.11 per cent, its highest since May 21.

Short-term bonds saw a bigger selloff with the yield on the benchmark five-year government bond hardening by 8 basis points to settle at 6.82 per cent.

Brent crude oil prices moved above $106 per barrel on Friday, rising sharply from below $100 in recent sessions because concerns over supply disruption linked to the Iran conflict have increased.

Market participants said dollar sales by state-run banks, likely on behalf of the Reserve Bank of India, limited the fall and kept the currency just below 96.

Rupee declines to one-week low as oil rally fans global rate hike worries


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