Bond Selloff Points to Rate-Hike Jolt for Indian Equities Ahead

A union of truck and bus operators in India has ended a nationwide strike against a new law imposing harsher punishment for hit-and-run offenses, which led to delays in the supply of goods and sparked fuel shortage fears. The strike affected the supply of goods and caused concerns about fuel shortages. The situation is being monitored ahead of potential rate hikes for Indian equities.