India's bond yields decline as oil prices drop
pre-market1 source ↓written by the desknot a recommendation
- yield dropped
- 7.0270%
- on Friday
- 7.0917%
India's government bonds rallied as Brent crude fell below $100 a barrel, easing inflation concerns. By market close, the benchmark 6.48% 2035 bond yield dropped to 7.0270% from 7.0917% on Friday, marking its largest one-day decline in weeks. Lower oil prices can reduce India's import bill and alleviate inflation pressure, potentially influencing the RBI's monetary policy decisions.
Not investment advice. For informational purposes only.