India's 10-Year Bond Yield Hits 3-Year High After RBI Measures
Indian government bonds fell sharply as the Reserve Bank of India implemented liquidity-draining measures. The benchmark 10-year bond yield rose to its highest level in three years, reflecting expectations of rate hikes. Consumer inflation rose to 5.54%, surpassing forecasts and raising concerns about future monetary policy. RBI also announced bond sales and changes to cash reserve ratio maintenance.
ET Markets·




