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Rising oil prices cap India bond rally; traders cash in gains

Economic Times 40 min ago·5 Nov 2026, 12:13 pm

Indian government bonds saw a rise as traders reacted to a US Treasury rally and falling crude prices. The benchmark 6.94% 2036 bond yield declined by nearly 2 basis points after intraday fluctuations. Oil prices rebounded after initially falling, causing traders to lock in profits. Attention will turn to upcoming inflation data, with expectations for an increase in October.

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Rising oil prices cap India bond rally; traders cash in gains