Middle East Conflict Drives Up State Borrowing Costs

Middle East Conflict Drives Up State Borrowing Costs.webp

Mumbai, March 27 Borrowing costs for states rose sharply, by 0.15-0.30 per cent at an auction on Friday, to over 8 per cent in some securities, tracking a spike in government bond yields amid escalating conflict in the Middle East that has pushed up global oil prices.

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