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The Economic Times

India bonds pause oil-led rally ahead of Fed verdict

Bonds United States India Oil US Federal Reserve Foreign Investment

A relief rally in Indian government bonds stalled on Wednesday as oil prices consolidated and the upcoming U.S. Federal Reserve policy verdict kept risk appetite in check.

The yield on the benchmark 6.94% 2036 note settled at 6.8626%, versus 6.8651% on Tuesday. The 10-year ‌yield has eased 8 ⁠basis ⁠points in a week and hovered at a 12-week low.

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