Economic TimesLean R·
India's 10-year bond logs worst day in 3 months on faltering Iran deal
India's benchmark bond faced a dramatic decline, its most significant drop in over three months, primarily driven by a surge in oil prices linked to geopolitical tensions. This alarming rise in crude prices threatens India's economic growth and inflation forecast, leading to a substantial uptick in bond yields and swap rates. Despite these challenges, foreign investors remain consistently interested in India's debt markets.
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