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India bond rally defies hawkish Fed on oil rout - The Economic Times
Indian government bonds are rallying for a sixth day. Falling oil prices are boosting investor confidence. This is happening despite a hawkish outlook from the US Federal Reserve. Expectations of a reopened Strait of Hormuz are driving oil prices down. Cheaper crude oil improves India's inflation and fiscal outlook. Foreign investors are also pouring money into Indian debt.
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