Economic TimesLean R·
India 10-year bond slumps to lowest in nearly a month as Middle East oil risks heat up
Indian government bonds experienced a significant decline early Monday. Escalating U.S.-Iran tensions pushed oil prices higher, impacting the rupee. This situation prompted traders to reduce their positions in government bonds. Higher crude prices strain India's import bill and government finances. Foreign investor demand for Indian debt is expected to moderate following recent inflows.
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