Economic TimesLean R·
India bonds surge on Bloomberg index hopes, oil-led inflation relief
Indian government bonds surged Thursday, fueled by strong foreign investment and easing inflation worries stemming from lower oil prices. Hopes of inclusion in a major global index are attracting significant foreign capital, pushing down borrowing costs for the government. While oil price drops have eased inflation concerns, a potentially poor monsoon and rising global yields present ongoing risks to the rally.
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