Strength in Indian Government Bonds Supported by Decline in Oil Prices
A decline in oil prices has strengthened Indian government bonds, as investors keep their focus on the Reserve Bank's policy decision.
Translated from the Hindi original · translation AI-generated
Indian government bonds are set to open in a strong position on Wednesday. This is due to a sharp decline in oil prices, which has improved the inflation outlook. According to a trader from a private sector bank, the benchmark Indian 6.94% 2036 bond yield is expected to remain between 6.80% and 6.83%. The Reserve Bank of India is expected to keep its key interest rate unchanged. This decision will be announced at 10 AM.