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The Economic Times
The Economic Times
Business

US Fed's hawkish tone shuts door on India bond rally for now

Bonds Inflation

Indian government bonds edged slightly lower in early trade on Thursday after the U.S. Federal Reserve struck a more hawkish tone than expected, with most policymakers now projecting the start of a rate-hiking cycle before year-end.

The yield on the benchmark 6.94% ‌2036 bond rose ⁠to 6.8639% ⁠by 10:20 a.m. IST from its previous close of 6.8626%. Yields move inversely to prices.

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