Economic TimesLean R·
Indian bonds slip as crude hovers near $90
Indian government bonds declined on Tuesday as oil prices briefly surged past ninety dollars. Traders awaited inflation data for clues on the Reserve Bank of India's interest rate path. Elevated oil prices could potentially fuel inflation and strain India's fiscal balance. Ample banking system liquidity supported demand, especially for short-term debt instruments. Foreign investors also purchased longer-dated bonds as the yield curve steepened.
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