Indian 2036 government bond yield holds at 6.8595% on Monday
Business
Indian government bond yields barely moved on Monday, holding at 6.8595% for the key 2036 bond, a small uptick from Friday.
This calm comes after last week's big jump in yields, driven by worries about elevated Brent crude prices and what they might mean for inflation and India's current account deficit.
RBI says ready to raise rates
The Reserve Bank of India says it's ready to raise interest rates if inflation sticks around, especially with oil prices staying high.
Governor Sanjay Malhotra noted that expensive oil could spill over into the economy, possibly needing tighter policy.
Meanwhile, traders are keeping an eye on U.S.-Iran tensions and crude prices above $92 a barrel, both major players in market mood right now.