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The Economic Times
The Economic Times

India bonds jump as oil crashes, dovish RBI may further boost rally

RBI India Oil Bonds Inflation Reserve Bank of India Interest Rates

Indian government bonds jumped early ​on Wednesday as a ​sharp drop in oil prices improved the inflation outlook ahead ​of the Reserve Bank of India's policy decision, with investors awaiting its guidance and updated economic projections.

The benchmark Indian 6.94% 2036 bond yield was at 6.7807% as of 9:40 a.m. ‌IST, after ⁠closing ⁠at 6.8152% on Tuesday. The policy decision is due at 10:00 a.m. IST.

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