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The Economic Times
The Economic Times

Cash surplus softens India bond slide in oil-driven global rout

Indian government bonds wobbled on Wednesday, ​while still faring better than ​most global peers as surplus liquidity from banks' diaspora deposits softened the ​blow from higher oil prices.

Brent crude surged to $102 a barrel in Asian trade after the United States and Iran struck more tankers near the Strait of Hormuz, escalating supply concerns that ‌contributed to ⁠an extended global ⁠debt selloff.

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