Indian Bonds Fall on Rising Oil Prices and RBI Governor's Hawkish Comments
Indian government bonds declined due to rising oil prices and hawkish remarks from the Reserve Bank of India governor. The yield on the benchmark 6.94% 2036 bond increased after the RBI's recent rate hike. Geopolitical tensions between Yemen and Saudi Arabia further pushed oil prices higher. Consumer inflation is expected to surpass the RBI's upper tolerance limit in October, keeping traders alert.
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