[responsivevoice_button voice="Hindi Female" buttontext="Listen This News"]
Indian government bonds
plunged in opening deals on Friday, with the benchmark 10-year
bond yield surpassing 7 per cent to a more than three-month high as a
double whammy of rising oil and US yields sapped investor
appetite.
The 10-year benchmark 6.94 per cent 2036 bond yield hit 7.0211 per cent,
after closing at 6.9762 per cent on Thursday.
The Brent crude contract was over $108 per barrel, while the
10-year US yield was around 4.97 per cent.