Indian Bonds Decline as Rise in Crude Stokes Inflation Concerns

Indian bonds fell the most in two weeks as a rise in crude prices fanned inflation concerns in the fuel-importing nation.

The benchmark 10-year yield rose as much as five basis points, the most since Feb. 6, to 6.73%, after escalating tensions between the US and Iran pushed oil prices to a six-month high. The rupee fell 0.3%, with traders citing central bank intervention to support the currency.