Indian government bonds made a recovery on Thursday, moving past initial setbacks as falling oil prices lessened worries about a potential rate hike from the Reserve Bank of India. The key 6.94% 2036 bond yield ended the day slightly below Wednesday's mark. Overnight indexed swap rates also showed signs of recovery late in the trading session due to the ongoing drop in oil prices.
Indian government bonds made a recovery on Thursday, moving past initial setbacks as falling oil prices lessened worries about a potential rate hike from the Reserve Bank of India. The key 6.94% 2036 bond yield ended the day slightly below Wednesday's mark. Overnight indexed swap rates also showed signs of recovery late in the trading session due to the ongoing drop in oil prices.
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