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India bond yields edge higher as profit booking continues
India bond yields edge higher as profit booking continues
Indian government bond yields have edged up due to profit-taking following the Reserve Bank of India's decision to hold rates steady. The yield on the benchmark 7.26% 2032 bond climbed to 7.2313% after closing at 7.2120% in its lowest since 1 December. A state-owned bank dealer said the combination of profit-taking by banks and a rise in US yields had kept the yield in a "tight range". Some state-owned banks took profits worth INR107.58bn ($1.31bn) on Thursday after six successive rate hikes by India's central bank.
Indian government bond yields have edged up due to profit-taking following the Reserve Bank of India's decision to hold rates steady. The yield on the benchmark 7.26% 2032 bond climbed to 7.2313% after closing at 7.2120% in its lowest since 1 December. A state-owned bank dealer said the combination of profit-taking by banks and a rise in US yields had kept the yield in a "tight range". Some state-owned banks took profits worth INR107.58bn ($1.31bn) on Thursday after six successive rate hikes by India's central bank.
Indian government bond yields have edged up due to profit-taking following the Reserve Bank of India's decision to hold rates steady. The yield on the benchmark 7.26% 2032 bond climbed to 7.2313% after closing at 7.2120% in its lowest since 1 December. A state-owned bank dealer said the combination of profit-taking by banks and a rise in US yields had kept the yield in a "tight range". Some state-owned banks took profits worth INR107.58bn ($1.31bn) on Thursday after six successive rate hikes by India's central bank. 
