RBI's rupee defense pressures bond markets as rate hike bets rise

RBI's rupee defense pressures bond markets as rate hike bets rise. Bond yields surged as the central bank likely intervened to stem rupee depreciation, fueling expectations of tighter monetary policy. Traders now price in 65% chance of a rate hike by June, up from 30% last month. This shift impacts F&O positions in interest-rate-sensitive sectors like banking and realty.

📊 STOCKS: | 🏢 SECTOR: Macro | #MEDIUMIMPACT #Rupee