Economic TimesLean R·
Oil prices scorch Indian bonds; rising Treasury yields add to pressure
Indian government bonds declined early Thursday as Middle East tensions escalated. Crude oil prices neared $100 a barrel, and U.S. Treasury yields also rose. Higher oil prices threaten to revive inflation pressures and weaken the Indian rupee. This situation could significantly impact energy-intensive industries and economies. India imports nearly ninety percent of its crude oil requirements.
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