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The Economic Times
The Economic Times
Business

Fed hike, RBI moves hand India bonds a fifth weekly loss

RBI Bonds India Reserve Bank of India US Federal Reserve

Indian government bonds sagged for a fifth consecutive week on Friday as a Federal Reserve rate hike and the Reserve Bank of India's liquidity clampdown emboldened bond market bears positioning for domestic policy tightening ahead.

The benchmark 6.94% 2036 bond yield closed at 7.0686% on Friday, up from 7.0463% on Thursday, taking its weekly rise to 4.5 basis points.

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