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India bonds plunge as failed US Iran talks spark oil shock and risk off mood
Economy
Published on 24 April 2026
Bond buying reversed after traders bet on a deal
Indian government bonds fell sharply Monday after failed US-Iran peace talks pushed oil prices higher, triggering a global risk-off mood. The move weighed on the rupee and equities like the Nifty 50, with traders flagging renewed inflation and growth concerns. Market sentiment reversed after Friday’s bond purchases that assumed a breakthrough, and investors are now watching March inflation data.
- Failed US-Iran talks drove oil prices higher and hit bond prices
- Risk-off sentiment pressured the rupee and Nifty 50
- Friday’s bond-buying unwind suggests a broken deal expectation
- March inflation data will likely guide the next move
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times