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via economictimes.indiatimes.comEconomy

India bonds give up day's gains as oil spike adds to rate hike fears

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Indian government bonds ended lower as inflation concerns increased due to rising crude oil prices. The benchmark 10-year bond yield has been rising for nine consecutive weeks, causing worries about further rate hikes. Economists predict consumer inflation might exceed the upper…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRising oil and rate hike fears weigh on Indian government bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Indian government bonds closed lower on inflation concerns.
  2. 02The benchmark 10-year yield has risen for nine consecutive weeks.
  3. 03Economists expect inflation may exceed the RBI's upper tolerance band.

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