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Bonds at 8-month high on RBI bond purchase hopes, inflation comments

Reuters  |  MUMBAI 

MUMBAI (Reuters) - Indian bonds rose to over 8-month highs as rate hike fears faded after the central bank promised to keep buying government bonds to infuse liquidity, and also mentioned the probability of changing its rate stance if inflation risks do not mature.The 10-year benchmark bond yield fell to as low as 7.38 percent, its lowest since April 11 and compared with its previous close of 7.44 percent.The Indian rupee was weaker at 70.89 to the dollar tracking Asian peers, compared with 70.46 on Wednesday. Most Asian currencies fell on concerns over slowing global growth and a lack of ...

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First Published: Thu, December 06 2018. 09:37 IST