Indian Government Bond Yields (INR)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/inr-government
Indian Government Bond Yields (INR) as of 2026-09-11: 10Y at 6.77%, fitted curve 2Y–50Y (6.23%–7.57%), 70 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 2Y | 6.23% | — |
| 3Y | 6.31% | 6.61% |
| 4Y | 6.41% | 6.86% |
| 5Y | 6.51% | 7.11% |
| 6Y | 6.60% | 7.27% |
| 7Y | 6.66% | 7.27% |
| 8Y | 6.70% | 7.20% |
| 9Y | 6.73% | 7.23% |
| 10Y | 6.77% | 7.41% |
| 15Y | 7.02% | 8.05% |
| 20Y | 7.21% | 8.68% |
| 25Y | 7.36% | 9.41% |
| 30Y | 7.57% | 12.57% |
| 40Y | 7.52% | 6.47% |
| 50Y | 7.55% | 9.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 6.23% and the 10-year 6.77%, a 10Y−2Y spread of +55 bp — positively sloped — as of 2026-09-11. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-19 |
|---|---|---|---|---|
| 2Y | 6.23% | 6.30% | 5.95% | 6.20% |
| 10Y | 6.77% | 6.62% | 6.69% | 6.80% |
| 10Y − 2Y | +55 bp | +31 bp | +75 bp | +60 bp |
Bonds in this curve
A selection of 30 of the 82 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| India | 5.61% | 2028-06-30 | 5.91% | IN0020250034 |
| India | 6.49% | 2029-01-27 | 6.03% | IN0020250125 |
| India | 5.83% | 2029-06-03 | 7.04% | IN0020240050 |
| India | 6.20% | 2029-08-17 | 6.20% | IN0020260058 |
| India | 5.92% | 2030-04-17 | 7.17% | IN0020230036 |
| India | 5.86% | 2030-11-13 | 7.32% | IN0020230135 |
| India | 6.10% | 2031-07-12 | 6.10% | IN0020210095 |
| India | 6.58% | 2032-02-15 | 8.28% | IN0020060086 |
| India | 6.65% | 2032-08-22 | 7.26% | IN0020220060 |
| India | 6.42% | 2032-08-28 | 7.95% | IN0020020106 |
| India | 6.63% | 2033-08-14 | 7.18% | IN0020230085 |
| India | 6.61% | 2033-08-17 | 6.57% | IN0020260066 |
| India | 6.51% | 2034-04-08 | 7.10% | IN0020240019 |
| India | 7.24% | 2034-08-05 | 6.90% | IN0020240100 |
| India | 6.48% | 2035-05-05 | 6.33% | IN0020250026 |
| India | 6.48% | 2035-10-06 | 6.48% | IN0020250091 |
| India | 6.62% | 2036-05-11 | 6.94% | IN0020260025 |
| India | 6.71% | 2036-05-23 | 7.54% | IN0020220029 |
| India | 6.88% | 2040-07-07 | 6.68% | IN0020250042 |
| India | 7.06% | 2041-07-27 | 7.06% | IN0020260041 |
| India | 6.88% | 2045-06-22 | 8.13% | IN0020150044 |
| India | 6.92% | 2046-10-10 | 7.06% | IN0020160068 |
| India | 7.05% | 2050-09-20 | 7.16% | IN0020200054 |
| India | 7.24% | 2050-12-17 | 6.67% | IN0020200252 |
| India | 7.52% | 2054-08-05 | 7.09% | IN0020240118 |
| India | 7.55% | 2055-08-18 | 7.24% | IN0020250075 |
| India | 7.60% | 2061-12-16 | 6.95% | IN0020210202 |
| India | 7.20% | 2062-09-19 | 7.40% | IN0020220094 |
| India | 7.36% | 2073-11-06 | 7.46% | IN0020230127 |
| India | 7.45% | 2074-11-25 | 7.09% | IN0020240142 |