Economic TimesLean R·
India bonds recover on softer US rate outlook; oil risk caps gains
Indian government bonds experienced a positive turnaround on Wednesday, recovering from previous dips as soft inflation data from the US eased rate hike apprehensions. However, higher crude oil prices exerted upward pressure on US yields, which limited market gains. Steady buying from state banks and foreign entities bolstered bonds, though traders continue to navigate inflationary and fiscal uncertainties.
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