India bonds continue rally ahead of inflation data
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian government bond yields extended their rally on Monday as the benchmark 10-year yield fell nearly 4 basis points.
- ✓Lower crude oil prices and hopes for a US-Iran peace deal improved market sentiment.
- ✓Gopal Tripathi said, "If the Fed hikes rates in December, the RBI may follow" the central bank.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
Synopsis
Indian government bond yields extended their rally on Monday, with the benchmark 10-year yield falling nearly 4 basis points as easing crude oil prices and hopes of a US-Iran peace deal improved sentiment. Investors are now watching US and Indian inflation data for cues on the outlook for interest rates.
MUMBAI, - Indian government bonds surged on Monday, extending last week's sharp rally, as hopes of a US-Iran peace deal drove oil prices lower and improved sentiment ahead of US and Indian inflation data due later this week.
The benchmark 6.94% 2036 bond yield settled at 7.1529%, nearly 4 basis points below Friday's close. India's debt market will be closed on Tuesday for a local holiday.
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The Economic Times
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