India bonds hemmed in by oil worries ahead of inflation data

On Wednesday morning, Indian government bonds exhibited limited fluctuations due to high oil prices and anticipation of inflation data. The market reacted cautiously as hopes for peace in the Middle East dwindled following recent maritime incidents. Investors remain attentive to domestic and US inflation indicators, which will likely influence future interest rate decisions, keeping bond yields tethered amidst global rate anxieties and deposit growth.