Indian Yields Climb as Oil Strengthens and RBI Winds Down Deposit Hedge
Indian government bond yields rose for a second straight session, with the benchmark 6.94% 2036 issue registering its sharpest daily increase in more than a month. Traders pointed to the Reserve Bank of India ending a zero-cost swap scheme early and a rebound in Brent crude near $92 a barrel after the expiration of a U.S.-Iran ceasefire.