# Bond yields fall nearly 10 bps as crude slides, rupee gains against dollar

> India's 10-year government bond yield fell nearly 10 basis points to 7.32% on Monday as crude prices dropped sharply, with Brent falling over 7% to $108.46 on hopes of a deal to end the US-Iran conflict. The rupee strengthened for a second straight session ahead of the US midterm elections.

- Date: 2026-11-02 · published 2026-11-02T21:12:37.497Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/75940-bond-yields-fall-nearly-10-bps-as-crude-slides-rupee-gains-against-dollar
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The oil price slide on Iran diplomacy eases energy and freight costs that feed into feed and fertiliser prices, while a softer dollar supports importers' purchasing power.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-09-27 | [Rupee rallies to nearly 2-month high as crude subsides \| Rupee rallies to nearly 2-month high as crude subsides](https://feedsoft.ai/events/57382-rupee-rallies-to-nearly-2-month-high-as-crude-subsides-rupee-rallies-to-nearly.md) | -7.3% | -1.2% |
| BRENT | 2026-08-25 | [Rupee leads Asian currencies; bond yields ease as crude slips below $90 \| Markets News - Business Standard](https://feedsoft.ai/events/18181-rupee-leads-asian-currencies-bond-yields-ease-as-crude-slips-below-90-markets.md) | -0.6% | +23.8% |
| BRENT | 2022-06-14 | [Fed risk drubs stocks; dollar, bond yields soar \| Reuters](https://feedsoft.ai/events/40850-fed-risk-drubs-stocks-dollar-bond-yields-soar-reuters.md) | -7.7% | -11.5% |
| BRENT | 2020-02-27 | [Rupee strengthens against USD amid easing crude oil prices](https://feedsoft.ai/events/54861-rupee-strengthens-against-usd-amid-easing-crude-oil-prices.md) | -5.0% | -51.1% |
| BRENT | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | -6.3% | -5.6% |
| WTI | 2020-03-27 | [Ringgit extends gains against US dollar in early session \| FMT](https://feedsoft.ai/events/54377-ringgit-extends-gains-against-us-dollar-in-early-session-fmt.md) | +37.1% | -32.8% |
| WTI | 2022-07-05 | [Euro Hits 20-Year Low Against Dollar as Markets Slide - The New York Times](https://feedsoft.ai/events/10287-euro-hits-20-year-low-against-dollar-as-markets-slide-the-new-york-times.md) | -3.9% | -12.8% |
| WTI | 2021-04-21 | [Canadian dollar sees biggest drop in nearly 2 months as oil falls](https://feedsoft.ai/events/47853-canadian-dollar-sees-biggest-drop-in-nearly-2-months-as-oil-falls.md) | +0.7% | +4.7% |

## Sources

- business-standard.com: https://www.business-standard.com/economy/news/bond-yields-fall-nearly-10-bps-as-crude-slides-rupee-gains-against-dollar-126110201369_1.html

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