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India bonds slide as Brent crude tops $100

Indian government bonds weakened Wednesday as Brent crude futures topped $100 a barrel, rekindling inflation concerns and darkening the interest-rate outlook.

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Indian government bonds weakened on Wednesday as Brent crude rose above $100 a barrel, renewing inflation concerns and clouding the interest-rate outlook. Brent crude futures topped $100 a barrel in Asian trade as Washington and Tehran stepped up strikes on ships and key military targets.