Indian government bonds weakened for a second day on Thursday. Rising U.S. Treasury yields and crude prices above $100/barrel fueled inflation concerns. Higher oil prices threaten India's import bill and government finances. The rupee also slipped for a fifth day against the dollar. Focus remains on upcoming inflation prints and the Fed's policy decision.
Indian government bonds weakened for a second day on Thursday. Rising U.S. Treasury yields and crude prices above $100/barrel fueled inflation concerns. Higher oil prices threaten India's import bill and government finances. The rupee also slipped for a fifth day against the dollar. Focus remains on upcoming inflation prints and the Fed's policy decision.
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