Dovish RBI, Lower Oil & US Yields Support Indian Bonds

The Reserve Bank of India maintained its repo rate and adopted a dovish stance, cutting its inflation forecast to 5% from 5.1% for the current financial year, supporting Indian government bonds. This optimism is fueled by Brent crude staying below $80/barrel after a 12% drop, and the 10-year US yield holding around 4.60%. Lower oil prices improve India's inflation outlook, while a dovish central bank and softer yields globally could offer support to gold prices and potentially ease pressure on the Pakistani Rupee.

بحوالہ / Source: www.brecorder.com