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The Economic Times

Business

India bonds give up day's gains as oil price spike adds to rate hike fears

Bonds Oil Interest Rates India Reserve Bank of India Inflation

Indian government bonds gave up their gains to end lower at the start of a holiday-shortened week on rising bets of a domestic rate hike as oil prices spiked and fanned inflation fears.

The benchmark 6.94% 2036 bond yield ended at 7.3920%, after closing at 7.3789% in the previous session. Indian debt markets will remain shut on Tuesday for a local holiday.

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One subscription that gives you access to news from hundreds of sites

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