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The Economic Times
The Economic Times
Business

India bonds slide for sixth week as global rout deepens

Bonds Reserve Bank of India Oil RBI United States

Rising global borrowing costs and elevated oil prices extended Indian government bonds' losing streak to a sixth week on Friday, while investors cautiously positioned for a likely Reserve Bank of India rate hike next month.

The benchmark 6.94% 2036 bond yield rose 1 bp to 7.1194% on Friday, up 5 basis points on the week and about 36 bps over six weeks.

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