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India bonds end tad higher on softer oil
MUMBAI: Indian government bonds ended marginally higher on Tuesday, with the 10-year bond hovering near a one-month high, buoyed by softer oil prices, though caution before US midterm elections and profit booking capped gains. Brent crude plunged more than 7% on Monday to $104.80 a barrel after talks between Iranian and Qatari officials rekindled hopes of a peace deal and steadier Middle East supplies. It rebounded to around $106 on Tuesday after reports that the United States struck Iran’s Qeshm Island. As the world’s third-largest oil importer, India is especially vulnerable to elevated crud...
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