Source: Reuters (via feed)
Mutual funds in India have sold government bonds at a record pace in March so far. This occurred as the war involving Iran drove up oil prices. Rising oil prices heightened concerns about inflation. The Indian rupee reached record lows during this period. There was a broad selloff across the debt market.
BizTrendWire Insight:
Mutual funds sold government bonds at record levels amid a rise in oil prices. This coincided with pressure on the rupee and a broad debt market selloff.
Mutual funds sold government bonds at record levels amid a rise in oil prices. This coincided with pressure on the rupee and a broad debt market selloff.
