Economic TimesLean R·
India 10-year bond set for best month in 7 years on oil slide, foreign demand
Indian government bonds surged Tuesday, with the benchmark 10-year yield on track for its largest monthly drop in seven years. This rally is fueled by declining oil prices and a significant increase in foreign investment, particularly in Fully Accessible Route bonds. Measures by the Reserve Bank of India and tax changes on foreign investment are attracting substantial dollar inflows, improving the balance of payment outlook and easing rate hike expectations.
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