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The Economic Times
The Economic Times
Business

India bonds gain as oil cools on US-Iran deal hopes

Indian government bonds edged higher ​on Tuesday as softer ​oil prices spurred short-covering, though concerns over rising fuel ​costs, a weaker rupee and energy supply disruptions capped gains.

Brent crude futures fell 1.7% in Asian trade to about $110 a barrel after Trump said Washington had paused planned ‌strikes on Tehran ⁠following a ⁠fresh peace proposal that could pave the way for a nuclear deal.

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