Indian bonds wobble on oil strain, RBI swap pullback
· economictimes.indiatimes.com
On Tuesday morning, Indian government bonds faced a downturn as oil prices spiked beyond ninety dollars. Concerns escalated after the central bank prematurely ended a diaspora deposit scheme, leading to uncertainty in the market. This pullback in liquidity support has rendered bonds susceptible to changes in oil prices and international rates. The five-year note saw a significant yield rise recently.
Synopsis
On Tuesday morning, Indian government bonds faced a downturn as oil prices spiked beyond ninety dollars. Concerns escalated after the central bank pre...