Indian Government Bonds Surge Significantly Following Decline in Global Crude Oil Prices
Indian bonds experienced their largest daily gain in six months on Monday, driven by a drop in crude oil prices that helped alleviate inflation worries for the major fuel-importing country. According to market data, the benchmark 10-year bond yield dropped by as much as nine basis points to reach 7.32%, marking the most substantial decline observed since early May. Additionally, five-year overnight index swap rates saw notable downward movement.
Originally published by Bloomberg Business | By Bhaskar Dutta | 2 November 2026 | Read original: https://www.bloomberg.com/news/articles/2026-11-02/indian-bonds-rally-as-oil-falls-higher-yields-attract-buyers
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