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RBI monetary policy: Bond yields surge on fears of further rate hikes

Global bond yield plunges to record low in warning sign




The sovereign bond market witnessed a sharp sell-off on Friday as the Reserve Bank of India’s (RBI’s) unequivocal commitment to bringing down inflation came as a surprise to the market, which had pinned its hopes on a softer approach by the central bank.


The yield on the 10-year benchmark 6.54 per cent…


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