# G-Secs rally on RBI Governor’s rate hike comments; Brent crude oil price fall also lends support - The HinduBusinessLine

> Government securities rallied on June 24 after RBI Governor Sanjay Malhotra said a rate hike was premature, and the 10-year yield fell to 6.78%. Brent crude dropped to around $75 a barrel as the Strait of Hormuz reopened following a US-Iran interim agreement. The rupee closed 7 paise stronger at 94.665.

- Date: 2026-06-24 · published 2026-06-24T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/19088-g-secs-rally-on-rbi-governor-s-rate-hike-comments-brent-crude-oil-price-fall
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Reduced rate-hike expectations and lower oil prices ease inflation and currency pressure in India, which supports feed-importer costs through a steadier rupee.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-09-18 | [Crude oil prices today: WTI, Brent lower as Fed cuts rates](https://feedsoft.ai/events/28216-crude-oil-prices-today-wti-brent-lower-as-fed-cuts-rates.md) | +1.5% | -0.2% |
| BRENT | 2017-05-06 | [Crude prices fall amid high inventories and concerns over China \| The National](https://feedsoft.ai/events/11195-crude-prices-fall-amid-high-inventories-and-concerns-over-china-the-national.md) | +3.5% | +1.9% |
| BRENT | 2023-03-07 | [Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider](https://feedsoft.ai/events/36780-oil-and-gold-prices-slump-as-powell-signals-further-rate-hikes-to-come-markets.md) | -6.7% | -0.8% |
| BRENT | 2020-03-13 | [Crude oil sell-offs see prices for palm oil decline \| Analysis & Features \| The Grocer](https://feedsoft.ai/events/54237-crude-oil-sell-offs-see-prices-for-palm-oil-decline-analysis-and-features-the.md) | -18.6% | -21.4% |
| BRENT | 2023-12-12 | [What led to this fall's oil price slide — and what might come next \| CBC News](https://feedsoft.ai/events/32886-what-led-to-this-fall-s-oil-price-slide-and-what-might-come-next-cbc-news.md) | +3.3% | +2.3% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/money-and-banking/g-secs-rally-on-rbi-guvs-it-is-premature-to-talk-about-a-rate-hike-comments-brent-crude-oil-price-fall-also-lends-support/article71142329.ece

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.