The Reserve Bank of India purchased bonds at higher prices than the market on Monday. This move aimed to control bond yields during a period of geopolitical uncertainty. Market participants offered a significant amount for the bonds. The RBI’s action is seen as an effort to lower yields in the current uncertain environment.
Oil jumps 3% after US, Iran escalate strikes in Mideast
Oil prices climbed Monday as Iran expanded strikes on Gulf states. U.S. West Texas Intermediate crude rose and Brent crude futures climbed. Tehran extended strikes