India bond yields rise after RBI holds rates, says inflation above target




Indian government bond yields moved higher on Thursday, with the benchmark yield rising above 7%, after the Reserve Bank of India maintained status quo on policy rates and its stance, but said headline inflation will stay above target this financial year.

The 10-year benchmark 7.26% 2033 bond yield was at 7.0024% as of 10:15 a.m. IST, against 6.9953% before the decision and after closing at 6.9808% on Wednesday.

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