Indian Bonds Fall Amid Oil Price Surge and RBI Rate Hike
Indian government bonds fell as benchmark yields rose above 7.45% on Thursday. Oil prices surged to $112.50 per barrel in Asian markets due to geopolitical tensions. The Reserve Bank of India increased its repo rate to 5.50%, signaling possible further hikes. Inflation worries are growing, with retail inflation expected to exceed the RBI's tolerance level.
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