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The Economic Times
The Economic Times
Business

India bonds slip as US-Iran risks derail post-policy rally

India Bonds Oil Reserve Bank of India Deficit

Indian government bonds were trading with a negative tilt in early deals on Monday, as fresh escalations in the U.S.-Iran war pushed up oil prices, derailing optimism after a supportive central bank policy decision.

The yield on the benchmark 6.48% 2035 note was at 6.9758% as of 10:30 a.m. ‌IST, after closing ⁠at ⁠6.9772% on Friday after the policy decision. Yields move inversely to bond prices.

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