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Asia

India 10-year bond yield clings to 6.85%; traders eye oil moves amid sanctions threat

Markets-Economic Times · 2h ago · 🇮🇳 India

India 10-year bond yield clings to 6.85%; traders eye oil moves amid sanctions threat

Indian government bonds remained steady as traders awaited oil price movements. US sanctions on Iran could impact global crude prices significantly. Higher oil prices may fuel inflation and widen India's current account deficit. Reserve Bank of India policymakers are open to raising interest rates. Swap rates saw little activity after a substantial spike last week.

Read the full story at Markets-Economic Times →

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