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India 10-Year Bond Yield Rises To 7.25% After RBI Repo Rate Hike
Government bond yields moved higher on Wednesday after the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) raised the repo rate and unexpectedly shifted its policy stance to calibrated tightening. The yield on the benchmark 10-year government bond climbed to 7.25% from its previous close of 7.19%. The MPC increased the repo rate by 25 basis points to 5.50%. RBI Governor Sanjay…
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