Indian Bonds Maintain Stability at Open; Traders Monitor Oil Prices, US FOMC Outcome
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Indian Bonds Steady Amidst Oil Price Jitters, US FOMC Decision Looms
M
Moneycontrol•18-03-2026, 09:52
Indian Bonds Steady Amidst Oil Price Jitters, US FOMC Decision Looms
•Indian bonds opened steady on March 18, with traders cautious ahead of the US interest rate decision.
•The benchmark 10-year bond yield was at 6.7076 percent, slightly down from the previous session's 6.7143 percent.
•Brent crude prices remained above $100 per barrel due to the Strait of Hormuz closure and ongoing West Asia conflict, rising over 40 percent this month.
•Elevated oil prices are expected to fuel inflationary pressures, impacting domestic bond yields.
•RBI has been actively buying government securities and conducting OMOs to keep yields below 6.70 percent; global markets await US FOMC meeting.
