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India’s Bond Yield Rises to Highest in Seven Months
April 24, 2017
In a surprising turn of events, the bond yield of India’s benchmark 10-year old bond grew to its highest recorded value in the last seven months this Friday shortly after the central bank’s rate-setting committee meeting which involved serious warnings on inflation.
The RBI has decided to stick to the current 6.25 % repo rate, and the minutes released this Thursday showed the monetary policy committee citing the positive aspects of inflation as the reason behind the repo rate decision. Although, RBI Executive Director M. D. Patra went as far as favoring a 25 BPS hike, but later on gave in to the general opinion of the panel of keeping the rate unchanged.
