Economic TimesLean R·
Oil spike jolts Indian bonds, 10-year yield hits three-week high
On Tuesday, Indian government bonds faced a notable downturn, with the benchmark 10-year yield climbing to a three-week peak as global market anxiety intensified. The recent spike in oil prices following tensions in the U.S.-Iran relationship has shaken investor confidence, resulting in a weaker rupee and declining stock values in Mumbai. Attention now turns to an impending decision on including Indian bonds in the global index.
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