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The Economic Times
The Economic Times
Business

India 10-year bond yield logs biggest plunge in 2 months as oil rally falters

Indian government bonds rallied on ​Monday, driving the benchmark ​yield to its steepest one-day drop in two months, ​amid a sharp decline in crude oil prices after U.S.-Iran strikes were suspended, fuelling hopes of a diplomatic resolution.

The benchmark 6.94% 2036 bond yield ended at 6.7739%, down from ‌a closing ⁠level of ⁠6.8253% on Friday and erasing last week's rise.

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