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Asia

Indian bonds buckle under oil spike, fresh debt sale

Markets-Economic Times · 1h ago · 🇮🇳 India

Indian bonds buckle under oil spike, fresh debt sale

Indian government bonds declined early Friday, reversing some weekly gains. Higher oil prices and global rate fears impacted investor sentiment before a large debt sale. New Delhi plans to raise 320 billion rupees through bond auctions later today. The benchmark Brent crude contract saw a significant price increase since Tuesday. The Reserve Bank of India maintained its repo rate, easing immediate inflation concerns.

Read the full story at Markets-Economic Times →

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