India bonds give up day's gains as oil price spike adds to rate hike fears
· economictimes.indiatimes.com
Indian government bonds ended lower as inflation concerns increased due to rising crude oil prices. The benchmark 10-year bond yield has been rising for nine consecutive weeks, causing worries about further rate hikes. Economists predict consumer inflation might exceed the upper tolerance band of the Reserve Bank of India. Additionally, the Reserve Bank has taken measures to curb currency speculation and stabilize the financial market.
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