India State Lenders Wilt As Iran War Lifts Yields to 2 Year High The recent surge in yields for Indian state banks has left analysts scrambling to understand its causes and implications.
The war between Iran and Israel has unleashed a perfect storm of global uncertainty, driving investors to seek safe haven assets in India's debt market.
Meanwhile, the Reserve Bank of India (RBI) has been tightening monetary policy, raising interest rates to curb inflation and stabilize the rupee.