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India bonds face twin drag from rising oil, US yields

Indian government bonds weakened for a second day on Thursday. Rising U.S. Treasury yields and crude prices above $100/barrel fueled inflation concerns. Higher oil prices threaten India's import bill and government finances. The rupee…

India bonds face twin drag from rising oil, US yields
India bonds face twin drag from rising oil, US yields
Reuters
Synopsis

Indian government bonds weakened for a second day on Thursday. Rising U.S. Treasury yields and crude prices above $100/barrel fueled inflation concerns. Higher oil prices threaten India's import bill and government finances. The rupee also slipped for a fifth day against the dollar. Focus remains on upcoming inflation prints and the Fed's policy decision.

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