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Bonds

India bonds pummelled after Treasury rout, traders raise rate hike bets

Economic Times Markets
India bonds pummelled after Treasury rout, traders raise rate hike bets
Economic Times Markets

Indian government bonds experienced a decline following increases in U.S. Treasury yields and oil prices. The benchmark 6.94% 2036 bond yield rose to its highest level since September. Higher oil prices intensified inflation worries ahead of the Reserve Bank of India's monetary policy meeting. Market participants anticipate a repo rate hike on October 7 due to economic conditions.

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Source: Economic Times Markets

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