Oil price surge drives Indian bond yields to three-week high
after close1 source ↓written by the desknot a recommendation
- reached
- 10-year yield
- 6.7945%
- 6.4 basis points
- prices following tensions
- 9.6% jump in Brent crude
- leading
- 0.61% decline in the rupee
Indian government bonds fell sharply as the 10-year yield reached a three-week high of 6.7945%, up 6.4 basis points. This was driven by a 9.6% jump in Brent crude prices following tensions in the U.S.-Iran conflict, leading to a 0.61% decline in the rupee to ₹96.20 per dollar. The bond market's reaction reflects heightened risk aversion among investors.
Not investment advice. For informational purposes only.