India govt bond yields edge lower as crude oil prices, US peers drop
Indian government bond yields fell on Wednesday as a drop in U.S. peers and oil prices from their recent highs improved investor sentiment.
The 10-year benchmark bond yield closed at 7.3408% after ending at 7.3769% in the previous session.
Oil prices dipped, with the benchmark Brent crude contract comfortably below the $90-per-barrel mark, as concerns about slowing European demand offset worries about Middle East supply disruptions stemming from the Israel-Hamas conflict.
“On the global narrative, tensions have not escalated but are just at the surface, waiting to move in any direction,” said Anitha Rangan, an economist at Equirus Group.
