Indian government bonds declined for a third session as Brent crude futures approached $99 a barrel, their highest in seven weeks, driven by escalating Middle East conflict. This surge in oil prices, up 12% this week, also pushed US Treasury yields higher, weighing on market sentiment. India, importing nearly 90% of its crude, faces a widening import bill, current-account pressure, and revived inflation risks. For Pakistan, similar oil price increases could exacerbate inflation, strain the current account, and potentially weaken the PKR against the USD.
بحوالہ / Source: www.brecorder.com