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Indian bonds hit near 18-month low on RBI officials' inflation warning

The rupee was also little changed, trading at 64.0825 per dollar compared to its 64.1000 close

Vishal Sridhar | Reuters 

Indian bond prices fell to their lowest in nearly 18 months after minutes from the last Reserve Bank of India meeting showed some members issuing sharp warnings on inflation, though shares were largely flat after setting records in the previous session. The yield for the benchmark 10-year bond rose as much as 4 basis points to 7.26 percent, the highest since late July 2016. It was last trading at 7.24 percent. Minutes from the RBI's Dec. 6 meeting showed two members, both central bank officials, specifically warning that India could no longer afford to being accommodative on ...

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First Published: Thu, December 21 2017. 16:15 IST