MUMBAI: Federal bond yields rose on Monday after the central bank said
it was raising banks' cash reserve requirements by 50 basis points,
with the benchmark 10-year yield hitting a 10-month high of 8.21 per
cent.
At 9:24 am, the 10-year bond yield was at 8.21 per cent, its highest
since June 28, according to Reuters data, above Thursday's close of
8.12 per cent. The market was closed on Friday for a local holiday.
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