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Indian Bonds Face Double Blow From Rupee Defense, Inflation

Bloomberg Markets Tuesday 13 October 2026, 02:36 UTC By Pratigya Vajpayee 1 min read
Key Points

Indian Bonds Face Double Blow From Rupee Defense, Inflation Good morning... I’m Pratigya Vajpayee, and all of us here in New Delhi are excited for the start of Bloomberg’s New Economy Forum today. For a sneak peek at what the event entails, check out our sister newsletter: India Edition.

Indian Bonds Face Double Blow From Rupee Defense, Inflation Good morning... I’m Pratigya Vajpayee, and all of us here in New Delhi are excited for the start of Bloomberg’s New Economy Forum today. For a sneak peek at what the event entails, check out our sister newsletter: India Edition. Meanwhile, away from the buzz around the forum, bad news keeps coming for India’s markets. Inflation accelerated to an almost two-year high in September, nearing the top of the central bank’s 2% to 6% tolerance band and raising the prospect of more interest-rate hikes. The rupee is already under pressure, making imports more expensive and further raising inflation risks. All of this creates a challenging backdrop for the bond market, as we write below. As for equities, information technology stocks could be in focus today after HCL Technologies reported September-quarter profit ahead of analyst estimates. The benchmark Nifty 50 lost 0.7% on Monday and underperformed the broader Asian market. Regional stocks are witnessing another selloff this morning, with the artificial intelligence trade, one of the hottest corners of the market this year, coming under renewed pressure ahead of a key earnings season. In today’s newsletter, we also bring you:
Indian (ORG) I’m Pratigya Vajpayee (ORG) New Delhi (LOCATION) Bloomberg (ORG) India Edition (ORG) India (LOCATION) HCL Technologies (ORG) Asian (ORG)
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