MUMBAI (Reuters) - Federal bonds, rupee and stocks extended losses on Friday after the Reserve Bank of India unexpectedly raised the key policy rate by 25 basis points to 7.50 percent.
The 10-year bond yield rose 18 basis points to 8.36 percent from levels before the decision.
The rupee extended losses, falling as much as 62.10/15 to a dollar from 61.93/61.99 previously.
The BSE Sensex was trading down 2.5 percent while the Nifty fell 2.6 percent at 11.19 am.
(Reporting by Archana Narayanan, Himank Sharma and Abhishek Vishnoi; Editing by Kim Coghill)
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