Foreign investors pour $1.5B+ into Indian bonds after U.S.-Iran deal
Business
Foreign investors just poured over $1.5 billion into Indian bonds after a U.S.-Iran peace deal helped cool off oil prices.
Since India brings in 85% of its energy from abroad, cheaper oil is a big win: it lowers the country's import bills and helps keep inflation in check.
Cheaper oil may boost Indian bonds
Lower oil prices could shrink India's trade deficit and give the economy a boost.
Economists say this also takes some pressure off the government's budget and gives the Reserve Bank of India more flexibility to adjust interest rates, making Indian bonds even more attractive to global investors.