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MPC minutes: Govt bonds, rupee slump on RBI's increased inflation concerns

India's benchmark 10-year bond yield rose as much as 11 bps in early trade to 7.82 percent

Reuters  |  Mumbai 

Indian bonds and the rupee weakened on Thursday morning after minutes of the central bank's February monetary policy meetings released on Wednesday showed increased concern among members on the accelerating inflation. The MPC members expressed concern about continued inflationary risks, citing factors including high food and global crude prices and the government's decision to increase spending for the year starting in April to support a struggling agricultural sector. India's benchmark 10-year bond yield rose as much as 11 bps in early trade to 7.82 percent. Yield ...

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First Published: Thu, February 22 2018. 11:16 IST
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