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The Economic Times
The Economic Times

India bonds rise as oil slumps on Iran peace deal hope

India Bonds Oil Iran Reserve Bank of India

Indian government bonds surged on Friday, ​buoyed by a sharp drop ​in crude prices after U.S. President Donald Trump revived hopes ​of a breakthrough with Iran, though domestic fiscal concerns limited gains.

The yield on the benchmark 6.94% 2036 note shed 2.8 basis points to 6.8957%, its lowest since issuance in May.

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