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The Economic Times

Business

India bonds pare gains as oil spike tames FCNR boost

India Oil Bonds Inflation RBI

Indian government bonds gave up most early gains on Thursday as stronger-than-expected dollar inflows from a central bank scheme were offset by a fresh spike in oil prices.

The benchmark 6.94% 2036 bond yield settled at 6.9646%, versus 6.9754% on Wednesday, after falling to 6.9323% intraday. Bond yields move ‌inversely to ⁠prices.

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

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