India bonds set to rise; oil, US inflation data eyed

Business Recorder

India bonds set to rise; oil, US inflation data eyed

MUMBAI: Indian government bonds are likely to rise on Wednesday, supported by optimism over measures to attract foreign inflows, with focus also on oil prices after escalations in the Middle East conflict and U.S. inflation data due later in the day. The yield on the benchmark 6.94% 2036 note may trade in the 6.90% to 6.95% range, a private bank trader said. It closed at 6.9163% on Tuesday, easing 10 basis points over the last four sessions. Yields move inversely to bond prices. “Fundamentally...

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