India bonds steady after swinging with oil

Indian government bonds remained stable as crude oil prices eased on renewed optimism around U.S.-Iran negotiations, with Brent crude hovering near $88 per barrel after touching a one-month high of $91.42. The benchmark 6.94% 2036 bond yield settled at 6.7770%, down from the day's high of 6.8315%, while the rupee ended 0.17% weaker at 96.4450 per dollar. Foreign investors bought nearly $4.3 billion of Indian bonds under the fully accessible route since June 1, partly on expectations of inclusion in the Bloomberg Global Aggregate Index, though a 24% monsoon rainfall deficit and lingering oil uncertainty remain key concerns.