India's 10-year bond yield at over 1-week high as consumer inflation rises
Benchmark bond yield was seen at 7.45%, the highest since May 5
 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters")
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters
Indian benchmark bond yield rose to a more than one-week high on Friday after data showed consumer price inflation accelerated in April, raising expectations the Reserve Bank of India (RBI)would hold off on cutting rates at its policy review next month.
The benchmark 10-year bond yield was at 7.45%, the highest since May 5. It closed at 7.42% on Thursday.
Annualised consumer price inflation accelerated to a stronger-than-expected 5.39% in April from 4.83% in March.
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First Published: May 13 2016 | 9:39 AM IST