India's 10-Year Bond Yield Hits 7.35% Amid RBI Liquidity Tightening
India's 10-year government bond yield rose to 7.35%, marking its highest level in three years, following the Reserve Bank of India's announcement to sell 250 billion rupees of bonds to tighten liquidity. The benchmark 6.94% 2036 bond yield also surged. Meanwhile, Brent crude prices stayed above $100 per barrel, adding inflationary pressure to the economy.
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