India Bonds Rise as US Yields Drop and Oil Prices Fall
India's government bond market gained after US Treasury yields fell, triggering value buying. The 6.94% bond maturing in 2036 yielded 7.3551% in morning trade. Oil prices declined due to expected better supply after Russia sanctions were lifted. With consumer inflation at 5.54%, the Reserve Bank of India may tighten financial conditions amid capital outflows.
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