Hot inflation lifts yields, puts rate hike in play

February 15, 2023

A pause in rates is a higher probability, economists said, though one more reading of inflation numbers is expected before the Reserve Bank of India’s next policy review in April. The benchmark 10-year bond yield rose to 7.41% intraday from Monday’s close of 7.36% but slid to close at 7.37% later in the day.

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