India's 10-year bond yield hits March low after U.S.-Iran deal
Business
India's 10-year government bond yield eased to its lowest since March on Monday, thanks to falling crude oil prices after a U.S.-Iran peace deal.
This calmed worries about energy disruptions and made investors more upbeat.
Rupee strengthens on ₹155.5B bond inflows
Traders think the yield will stay steady this week, mostly between 6.85% and 6.95%, as everyone watches oil prices and the US Fed's next move.
The rupee also got a boost, opening at ₹94.68 against the dollar, its strongest since early May, and foreign investors poured ₹155.5 billion into Indian bonds recently.
RBI's new rules for banks and state firms raising funds overseas have added even more confidence to the market.