Indian government bonds tumbled on Monday, with the benchmark 10-year yield posting its biggest one-day rise in over six months, after the central bank unveiled aggressive measures to drain liquidity and intensified FX operations to shore up the rupee.
September consumer inflation also accelerated to 5.54%, versus a 5.40% estimate in a Reuters poll, underscoring the risk of more rate hikes in the coming months as Brent crude holds above $100 a barrel.
