Indian Bonds, Rupee Rally as Sliding Oil Eases Inflation Risks

Indian government bonds rallied and the rupee strengthened as crude oil prices fell. The decline in oil costs reduces inflation pressure and eases demand on India's foreign exchange reserves, since India imports most of its oil. Lower oil import costs improve the country's external account position.

• Bloomberg — Indian Bonds, Rupee Rally as Sliding Oil Eases Inflation Risks

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