New Delhi, April 9 -- Indian government bonds fell on Thursday, pushing yields higher, as crude oil prices resumed their upward trajectory amid renewed uncertainty over the durability of the US-Iran ceasefire.
The benchmark 6.48% 2035 bond yield rose by 4 basis points to 6.9407%, compared to 6.8984% in the previous session, when it had recorded its sharpest single-day decline in nearly four years.
Crude oil prices rebounded, with the Brent crude contract rising 2.93% to $97.53 per barrel. The increase follows its steepest daily drop since April 2020, as optimism around a sustained truce weakened after Iran termed it "unreasonable" to proceed with negotiations for a permanent peace agreement amid renewed tensions.
Meanwhile, the Reserve...
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