India bond yields spike after Reserve Bank of India panel meeting minutes flag inflation risks
Updated : April 20, 2018 05:36 PM IST
The monetary policy committee members flagged several concerns, including an increase in minimum support prices for farmers and high and volatile crude oil prices.
The MPC sharply trimmed its April-September inflation projection to 4.7 percent to 5.1% from the 5.1% to 5.6% it predicted in February.
The benchmark 10-year bond yield rose as much as 17 basis points to 7.80 percent in early trade, its highest level since Feb. 22. It was trading at 7.74 percent by 0635 GMT.
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