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India bonds rise as softer oil; Treasury gains offset debt sale caution
Indian government bonds saw early gains on Friday, influenced by U.S. Treasury movements and reduced oil prices. Foreign investors continued their strong bond purchases, reaching nearly four billion dollars since early June. This sustained buying has supported the market and kept dips shallow for Indian debt. Lower oil prices benefit India by easing inflation and current account pressures. Traders await a significant debt sale today for further market direction.
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economictimes.indiatimes.com
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