India bonds give up gains as high oil prices weigh

Indian government bonds fell and the rupee weakened for a third straight day as Brent crude hovered near $115 a barrel, with the rupee down 0.3% at 95.1850 per dollar. The 6.94% 2036 benchmark yield rose 1 basis point to 7.4826%, while one-year OIS pricing implied about 100 basis points of rate hikes over 12 months; Yes Bank expects another 50 basis points of RBI hikes in December and February.