Economic TimesLean R·
India bonds up on oil slump, foreign inflows; 10-year yield posts biggest monthly fall in 7 years
In June, Indian government bonds underwent a remarkable rally, showcasing the largest monthly yield drop for the benchmark 10-year bond in seven years. This upward trend was driven by plunging oil prices and a notable rise in foreign investments, especially via the Fully Accessible Route. The Reserve Bank of India's initiatives, coupled with tax exemptions for foreign investment, further enhanced market optimism, resulting in unprecedented inflows.
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