Indian bonds track US Treasuries higher amid oil-price relief
Indian government bonds increased on Thursday due to support from a rally in Treasuries and lower oil prices. However, the upcoming large bond sale and a weak rupee limited the extent of the gains observed. The benchmark 6.94% 2036 bond yield fell slightly below the significant 7.40% level during early trading hours. Meanwhile, the Reserve Bank of India previously raised the repo rate amid ongoing inflation concerns.
Indian government bonds increased on Thursday due to support from a rally in Treasuries and lower oil prices. However, the upcoming large bond sale and a weak rupee limited the extent of the gains observed. The benchmark 6.94% 2036 bond yield fell slightly below the significant 7.40% level during early trading hours. Meanwhile, the Reserve Bank of India previously raised the repo rate amid ongoing inflation concerns.
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