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The Economic Times
The Economic Times
Business

FOUND: India 10 year bond yield hits 5 week high on rising oil and war jitters - You Need To See This

India's 10-year ​government bond yield rose to a five-week high on ​Tuesday, as fading hopes of a U.S.-Iran peace deal and rising crude oil prices overshadowed a softer-than-expected April inflation reading.

Hopes for a deal dimmed after Donald Trump said ‌a ceasefire with ⁠Iran was "on ⁠life support". Concerns about oil supply deepened after a senior officer in Iran's Islamic ​Revolutionary Guard Corps Navy said Tehran had expanded its definition of the Strait of Hormuz ​into a "vast operational area" far wider than before the war.

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