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Indian bonds slip on higher oil, hawkish RBI governor comments
MUMBAI: Indian government bonds fell in early trading on Wednesday as a fresh spike in oil prices and hawkish commentary from the central bank chief pushed traders to trim positions further. The benchmark 6.94% 2036 bond yield was at 7.3886% as of 9:45 a.m. IST, after closing at 7.3655% on Tuesday. Bond yields rise when prices fall. Earlier, the yield jumped to 7.4112%, the highest since March 2023, and has gained 20 basis points since the central bank’s rate hike last week. Oil prices climbed in Asian hours, as traders reacted to supply risk from the fight between Yemen’s Iran-allied Houthis ...
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