Indian government bonds fell this week as surging oil prices, a global debt rout, and concerns over the RBI's liquidity stance pushed the benchmark 10-year yield above 7%, wiping out gains from the central bank's June measures to attract dollars.
Brent crude neared $110 a barrel in Asian trade, before easing to around $103. Prices gained more than 7.5% this week as attacks on key Middle East shipping routes raised fears of prolonged supply disruptions.
