Indian government bonds experienced a rise after a sharp selloff raised benchmark yields. US Treasury yields decreased, leading to investors unwinding their short positions. Reports of potential US-Iran talks contributed to the buying momentum observed in the market. Concerns over inflation and global borrowing costs have influenced expectations for a Reserve Bank of India rate hike.
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.