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The Economic Times

Business

India bonds sink deeper on RBI commentary, inflation concerns

Reserve Bank of India Inflation Bonds India Sanjay Malhotra Monetary Policy Interest Rates

Indian government bonds extended losses on Wednesday, driving the 10-year yield to its highest since March 2023, as hawkish remarks from the central bank chief and rising oil-led inflation concerns prompted tradersto further pare their positions.

The benchmark 6.94% 2036 bond surged 3.5 basis points to 7.3999%, a more-than-three-year high.

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