Indian Bonds Hold Steady as Oil Stabilizes Ahead of Inflation Data
· Business · Economic Times, Investing.com
Indian government bonds showed limited movement on Monday as stabilizing oil prices and looming domestic and US inflation data kept investors cautious. Brent crude hovered near $98 a barrel after US President Donald Trump stated he was unlikely to order fresh attacks on Iran amid ongoing talks. State governments are scheduled to conduct an auction of bonds worth 290.5 billion rupees ($3.10 billion), while the debt market will remain closed on Tuesday for a local holiday. The benchmark 6.94% 2036 bond yielded 7.1752% mid-day, holding near previous levels following its steepest weekly decline in nearly seven years. Analysts expect the 10-year yield to oscillate between 7.30% and 7.10% ahead of India's October inflation report due on Thursday.
Why it matters
Bond yields and upcoming inflation figures directly influence borrowing costs, RBI rate decisions, and financial market sentiment in India.
Read the original report — Economic Times
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