India bonds and rupee decline as oil prices surge
after close1 source ↓written by the desknot a recommendation
- downturn
- 10-year yield rising to 7.0627%
- record low
- ₹95.50 against the dollar
India's bond market faced a downturn with the 10-year yield rising to 7.0627%, up three basis points. This was driven by Brent crude oil prices surging past $100 amid geopolitical tensions, impacting inflation forecasts. The rupee hit a record low of ₹95.50 against the dollar, worsening the current account deficit and raising inflation concerns.
Not investment advice. For informational purposes only.