Economic dataEconomic Times
India bonds to stay hemmed in by oil, Treasury moves ahead of inflation data
Negative-152 sources
GreyOak summary
Indian government bonds are trading in a narrow range as investors await October inflation data. The benchmark 10-year US Treasury yield neared 5% after US consumer prices outstripped forecasts. Brent crude fell 1% to $91.80, offering some relief to India's inflation outlook. Markets expect the RBI to tighten rates further in December.
What it affects
- CPI inflationNegative -15
Forecast to rise to 5.93% from 5.54%.Rolling sentiment Negative -64
