Oil Price Drop Eases India Bond Yield Concerns

Economic Times Markets · stocks

Indian government bonds recovered from early losses on Thursday, buoyed by a pullback in oil prices. This eased concerns about a potential Reserve Bank of India rate hike following the US Federal Reserve's recent increase. The benchmark 2036 bond yield settled marginally lower. Oil prices fell due to eased supply worries, though remained above $100 a barrel. The US 10-year Treasury yield also reversed early gains.