Indian government bonds declined early Wednesday, with yields briefly exceeding seven percent. A global debt selloff and rising oil prices are impacting investor sentiment. Higher developed market yields reduce emerging market debt attractiveness and can spur outflows. Brent crude prices surged, increasing India's vulnerability to inflation and fiscal strain. Markets now anticipate tighter monetary policy from both the US Federal Reserve and the Reserve Bank of India.
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.