Indian government bonds are poised for a firmer open due to higher-than-expected central bank deposit inflows of $17.4 billion. However, gains may be capped by escalating US-Iran war fears, with Yemen's Houthis threatening a naval blockade on Saudi Arabia. Brent crude is currently rangebound at $88.65 per barrel, but any escalation could significantly impact global energy supplies. For Pakistani investors, rising oil prices due to Gulf tensions could increase import costs, potentially weakening the PKR and boosting local gold demand as a hedge.
بحوالہ / Source: www.brecorder.com