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The Economic Times

Business

India bonds rise as index-entry hopes counter rise in US yields

Bonds United States India Oil

Indian government bond prices started the quarter with gains on Wednesday as hopes of Bloomberg index inclusion and improved liquidity offset pressure from elevated U.S. yields and firmer oil prices after new hurdles emerged in U.S.-Iran peace talks.

The benchmark 6.94% 2036 bond yield ‌was down 1 ⁠basis ⁠point at 6.7403% at 11:10 a.m. IST, versus Tuesday's close of 6.7501%.

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