India bonds end choppy quarter at over 2-year lows as rate hike bets mount
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian government bonds closed the quarter at their weakest levels in more than two years.
- ✓Swings in oil prices and rising global yields influenced market conditions.
- ✓Analysts at DBS said, "India has been resilient despite energy, trade, weather, and capital flow volatility." Markets now expect Reserve Bank of India rate increases.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 8 Minute(s)
- Market Focus
- India Economy
Synopsis
Indian government bonds closed the quarter at their weakest levels in more than two years. Fluctuations in oil prices and rising global yields influenced market conditions significantly. Anticipations regarding rate increases by the Reserve Bank of India affected bond supply fears after increased long-term bond issuance. India's inflation rate in August exceeded the RBI's medium-term target, showing persisted price pressures.
Indian government bonds ended a volatile quarter at their weakest levels in more than two years as swings in oil prices, surging global yields and growing expectations of Reserve Bank of India rate increases weighed.
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The Economic Times
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