# Oil price jitters restrain Indian bonds ahead of inflation data 2026-08-12T15:24:53+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Indian government bond yields stayed narrowly range-bound on Wednesday as elevated oil prices curbed risk appetite ahead of US and domestic inflation data. The benchmark 10-year yield was little changed at 6.78%. Brent crude rose 0.8% to $89.6 a barrel after climbing 6.5% in the previous two sessions. Costlier crude threatens Indian bonds by stoking inflation and straining the oil-importing economy.India's July retail inflation print is due at 4 pm IST. A Reuters poll forecasts 4.50%, up from 4.38% in June. US July inflation data is also due later today. Expectations of further RBI rate hikes have eased since the central bank left rates unchanged last week. A hotter US reading could boost Fed rate hike bets, narrowing India's yield premium over US bonds. RBI's diaspora deposit scheme has brought in over $36.7 billion as of July 17, pushing India's daily average cash surplus to over Rs 3 trillion in August. ## Coverage - thehindubusinessline.com - hindustantimes.com Tags: bond yields, Brent crude, Indian bonds, inflation data, Oil prices, RBI Canonical: https://indianopinion.org/bonds-in-tight-range-as-oil-prices-cloud-inflation-outlook/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/bonds-in-tight-range-as-oil-prices-cloud-inflation-outlook/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.