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India's 10-year bond yield at over 13-month high as inflation quickens

Reuters  |  MUMBAI 

By Suvashree ChoudhuryMUMBAI (Reuters) - India's benchmark 10-year bond yield hovered at more than 13-month highs as accelerating inflation reduced chances the central bank will cut interest rates at its next policy meeting.The 10-year bond yield went up as much as 7.07 percent, the highest since Sept. 15, 2016 and up 10 basis points so far from its previous close of 6.97 percent on Monday. India's annual wholesale price inflation picked up in October to a six-month high, driven by faster rises in prices of food and fuel products. Retail inflation in the same month also climbed to 3.58 ...

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First Published: Tue, November 14 2017. 15:29 IST