Softer oil lifts India government bonds after Fed hike
Indian government bonds trimmed early losses as oil prices pulled back, supporting short-covering and easing concerns about a potential Reserve Bank of India rate hike following the Federal Reserve’s first increase in more than three years.
Indian government bonds recovered from early losses on Thursday as weaker oil prices prompted short-covering and reduced concern that the Reserve Bank of India may hike rates after the Federal Reserve’s first increase in more than three years. 94% 2036 bond was the focus of the move.