Economic TimesLean R·
Updated: Indian bonds fall for third session as oil prices near $100 a barrel
Indian government bonds experienced a decline for the third straight session on Thursday, primarily influenced by escalating tensions in the Middle East, which pushed crude oil prices to nearly $100 a barrel. Additionally, the rise in U.S. Treasury yields dampened market sentiment. Given India's dependency on crude oil imports, this scenario raises concerns over an inflated import bill and the resurgence of inflationary pressures.
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