Indian Bonds, Rupee Weaken As MPC Minutes Suggest Increased Inflation Concerns

Indian bonds and the rupee weakened on Thursday morning after minutes of the central bank's February monetary policy meetings released on Wednesday showed increased concern among members on the accelerating inflation.
The MPC members expressed concern about continued inflationary risks, citing factors including high food and global crude prices and the government's decision to increase spending for the year starting in April to support a struggling agricultural sector. benchmark 10-year bond yield IN071728G=CC rose as much as 11 bps in early trade to 7.82 percent. Yield was at 7.78 percent at 0353 GMT. For More Information Please Visit : www.paceresearchindia.com and Call :8817774774