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Indian bonds flattish as oil spike offset by falling Treasury yields
MUMBAI: Indian government bonds were little changed in early deals on Friday, as investors balanced a surge in oil prices against plunging US Treasury yields, while fresh supply kept demand tepid. Oil prices moved sharply higher, with Brent crude rising above $114 per barrel, its highest level in five months, after Houthi attacks on Saudi Arabia heightened fears of further disruption to global energy supplies. India is substantially exposed to a sustained rise in crude prices because it imports close to 90% of its oil requirements. Higher oil costs widen the country’s import bill, impact the c...
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