India bonds pare gains as oil spike offsets stronger dollar inflows
Indian government bonds surrendered most early gains after stronger-than-expected dollar inflows from a central bank scheme were offset by a fresh oil price spike. The benchmark 6.94% 2036 bond yield settled at 6.9646%, versus 6.9754% on Wednesday.
By Khushi MalhotraIndian government bonds gave up most early gains on Thursday as stronger-than-expected dollar inflows from a central bank scheme were offset by a fresh spike in oil prices.The benchmark 6.94% 2036 bond yield settled at 6.9646%, versus 6.9754% on Wednesday, after falling to 6.9323…