Benchmark yield tops 7.30% as RBI hikes rate, sounds hawkish on inflation

Bond yields had dipped earlier in the session, tracking a slump in oil prices as the benchmark Brent crude futures declined below $80 a barrel. While the quantum of the monetary policy committee’s (MPC) rate increase was widely expected, the central bank vowed there would be no let-up in its fight to tame high inflation.

Generated by Feedzy