Indian bonds come under pressure as crude prices surge over $90 a barrel
Indian government bonds fell on Tuesday as international crude oil prices surpassed $90 per barrel, raising concerns about inflation and fiscal stability. The one-year swap rate increased by 1.75 basis points to 5.9675%, while the two-year and three-year bond rates rose by 2.5 and 3.5 basis points, respectively. Analysts warn that sustained high crude prices could further strain India's external balance and economic outlook.