Brief by Shorts91 Newsdesk / 03:41am on 10 Jun 2026,Wednesday International
Indian government bonds slipped as escalating US-Iran tensions pushed crude oil prices higher, overshadowing optimism generated by the Reserve Bank of India’s recent policy measures. The benchmark 6.48% 2035 government bond yield stood at 6.9758%, little changed from the previous close after an earlier policy-driven rally. Brent crude surged about 4.5% to nearly $97 per barrel amid concerns over renewed conflict and disruptions around the Strait of Hormuz, a critical energy shipping route. Higher oil prices pose risks to India’s inflation outlook and current account deficit. Market participants said geopolitical risks were having a stronger influence on bond sentiment than recent RBI initiatives aimed at attracting foreign investment. (PC: X)
