Economic TimesLean R·
India bonds slip on oil spike, bargain hunters curb losses
Indian government bonds weakened in early trade as oil prices extended gains. Rising crude prices could widen India's trade deficit and stoke inflationary pressure. Bargain buying and state-run bank bids limited the losses in the domestic bond market. Hopes of a peace deal and RBI foreign exchange measures aided sentiment. Traders await an update on India's inclusion in the Bloomberg Global Aggregate Index.
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