News From Press Bond yield sharply rises after RBI’s surprise rate hike

Bond yield sharply rises after RBI’s surprise rate hike

Source: Financial Express May 5, 2022

Yields on the 10-year government bonds surged more than 25 basis points on Wednesday after the Reserve Bank of India (RBI) hiked the repo rate by 40 basis points to 4.40%. The 10-year benchmark 6.54%-2032 bond yield ended at 7.3783%, against the 7.12% close on Monday. The financial markets were closed on Tuesday on account of Eid-UI-Fitr.

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