Indian Bonds Poised to Extend Losses as Oil Prices Spike Again
Indian government bonds are expected to weaken in early Wednesday trading as elevated oil prices stoke inflation worries and add to pressure from a hawkish central bank. The benchmark 6.94% 2036 bond yield may trade between 7.37% and 7.42%.
By Dharamraj DhutiaIndian government bonds are likely to weaken in early deals on Wednesday, as oil prices remain elevated, stoking inflation worries and adding to pressures from a hawkish central bank.The benchmark 6.94% 2036 bond (IN069436G=CC) yield may trade between 7.37% and 7.42%, according t…