Indian government bonds reversed a three-day losing streak on Friday, offering a brief respite to investors navigating a volatile week in the domestic debt market.
The benchmark 6.94% 2036 bond yield closed at 6.8253%, marking a technical recovery from the immediate selling pressure that had defined the prior trading sessions.
Despite the daily gain, the broader weekly picture remains subdued.
The market posted a second consecutive week of declines, reflecting persistent headwinds from surging oil prices that continue to weigh on investor sentiment and macroeconomic expectations.
The repricing underscores the sensitivity of Indian fixed-income assets to external commodity shocks, particularly as energy import costs remain elevated.
The Friday advance followed a period of mixed signals earlier in the week.