The weakness has been driven largely by a sharp rise in government bond yields, with India’s 10-year yield nearing the 7% mark. The spike in yields comes amid a surge in global crude oil prices, which have climbed towards $105 per barrel.
The weakness has been driven largely by a sharp rise in government bond yields, with India’s 10-year yield nearing the 7% mark. The spike in yields comes amid a surge in global crude oil prices, which have climbed towards $105 per barrel.