BlackRock says oil, FX risks loom over India's bond inflow push

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BlackRock has identified oil price volatility and foreign exchange fluctuations as potential threats to India's ambitious push to attract foreign investment in its bond markets. The asset manager's warning comes as India seeks to expand its presence in global bond indices and reduce its reliance on domestic funding sources. Oil price shocks could destabilize India's current account and currency, while FX risks might deter international investors wary of rupee depreciation. The concerns highlight structural vulnerabilities that could complicate New Delhi's efforts to deepen its capital markets and finance its growing fiscal needs.