India bonds gain as oil prices drop below $100
pre-market1 source ↓written by the desknot a recommendation
- yield decreased
- 4 basis points
- 7.0106%
India's government bonds rallied as oil prices fell below $100 per barrel, easing inflation concerns. The benchmark 6.94% 2036 bond yield decreased by 4 basis points to 7.0106%. With India importing 90% of its crude oil, fluctuations in oil prices significantly impact market sentiment ahead of the Reserve Bank of India's upcoming rate decision.
Not investment advice. For informational purposes only.