India bonds and rupee decline as oil prices surge
pre-market1 source ↓written by the desknot a recommendation
- downturn
- 10-year yield rose to 7.0627%
- prices surging past
- $100
- amid US-Iran tensions
- $105
- against the dollar
- ₹95.50
India's bond market faced a downturn as the 10-year yield rose to 7.0627%, up three basis points. This shift coincided with Brent crude oil prices surging past $100 to $105 amid US-Iran tensions, raising inflation concerns. The Indian rupee fell to a record low of ₹95.50 against the dollar, worsening the current account deficit.
Not investment advice. For informational purposes only.