A financial trader monitors her computer screen at the Bombay Stock Exchange in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
(Bloomberg) -- Indian sovereign bonds are caught in a tug of war. While a slew of supportive measures by policy makers has helped revive sentiment after a seven-month selloff, the reprieve is proving short-lived in the face of challenges such as higher oil prices. Gyrations over the last few weeks have sent a gauge of 90-day historical volatility for the benchmark 10-year debt to a 13-month high. Meanwhile, average daily bond trading volume so far in 2018 is about 20 percent below that of last year.
To contact the reporter on this story: Kartik Goyal in Mumbai at kgoyal@bloomberg.net.
To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Shikhar Balwani