Bonds in India drop as CPI watchers query food price jump2 min read . Updated: 14 Feb 2023, 07:56 PM IST
Benchmark 10-year yields climbed as much as four basis points to 7.4% Tuesday before paring the gains slightly, as consumer-price data, released after market hours Monday, showed January inflation at 6.5%, beating estimates and breaching the central bank’s target ceiling
A surprise jump in India’s retail inflation is sparking plenty of debate and confusion among market watchers, coming on the heels of a hawkish monetary policy last week.
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